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2014-08-04

EAM Solar ASA : Q2 2014 financial report

EAM: Q2 2014 financial report
The highlights from the report are as follows:
Main activity in the second quarter was the finalization of the negotiations
and due diligence of the P31 portfolio. The final agreements for the purchase
were signed on the 26thof June.
Q2 power production was 3,28 GWh, 7% above seasonal average, bringing first
half year production to 4,8 GWh equivalent to 2% above normal for the period
(excluding P31 power plants)
Reported EBITDA in the quarter was EUR 468k, adjusted for P31 acquisition
costs, EBITDA was EUR 861k. Slightly higher cost of operations in the quarter
is related to maintenance and larger scope of operations.
EAM published a Stock exchange notice on Monday the 28thof July commenting on
subsequent events relating to the P31 portfolio acquisition, these events are
also commented in more detail in the Q2 report.

For information, please contact:

Audun W. Iversen, CEO, phone +47 916 16 250,audun@eamsolar.no

Viktor E Jakobsen, Executive Director, phone +47 9161 1006,viktor@eamsolar.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

EAM Solar ASA Q2 2014 report
http://hugin.info/157134/R/1846109/643360.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EAM Solar ASA via Globenewswire

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