Oslo/Milan
12 September 2022

Aega ASA (Aega) has, through a wholly owned subsidiary, signed the final
transaction agreement to purchase Solar S.r.l. and Terrasol Società Agricola
S.r.l. The two parks have a combined installed power of 2 MWp.

Aega announced on 16 March 2022 that it had entered into a mutually binding
offer to acquire two solar parks in Italy. After tonights signing and according
to the transaction agreement, Aega formally take ownership of the two solar
parks from 1. January 2021.

Aega's funding of the purchase will be through existing cash. EUR 2,862,475 is
the total purchase price. Outstanding combined debt at the same date is equal to
EUR 2,334,500.

"As this acquisition process has taken somewhat longer than anticipated, I am
pleased to see it through. This transaction shows that we can conduct
acquisitions even in a somewhat more challenging investment environment, and we
continue to increase our production capacity in Italy. With these two parks we
are close to reach our short-term goal of 10 Italian solar parks, improved
revenues and an increased number of producing assets", says Nils P. Skaset, CEO
og Aega.

One of the parks is located on Sardinia, very close to Aega's existing parks.
Through the acquisition, Aega has completed the plan of establishing a cluster
of four solar parks on Sardinia. With the Sicilian solar park Aega enters a new
region very well suited for solar power production.

"Solar" is in the Sassari district of Sardinia. This park is an elevated
ground-mounted solar park that benefits from the Conto Energia 4, with a feed-in
tariff that ends 11 years from cut-off date. "Terrasol" is in the Siracusa
district of Sicily and benefits from the Conto Energia 4, with a feed-in tariff
that ends 10 years from cut-off date. Both plants are expected to deliver an
internal rate of return (IRR) in line with Aega's current assets and the Group's
overall investment target.

After the execution of this transaction Aega owns 9 solar parks in Italy with an
aggregated capacity of 8.4 MWp.

Fabio Buonsanti (COO in Aega) has led the process from Aega's side. He has been
assisted by the Legal team of Deloitte Legal, led by the lawyers Emanuele
Bottazzi and Manuel Marangoni, and by the Tax M&A team of Torresi e Associati,
headed by Federico Torresi, Umberto Bordino and Giuseppe Cioffi. Our financial
adviser in the transaction was 3FAdvisor, represented by Alessandro Betti.

Aega also like to thank the Sellers, Italpower 1 S.p.A. and Italpower 2 S.r.l.
for their efforts all along the way. 


"We take ownership of the parks immediately and the new assets will contribute
to increased revenues for Aega. Over the last 18 months we have executed 7
acquisitions, with our relatively small team we have been able to conduct an
aggressive growth strategy and at the same time meet the requirements for
returns and IRR. This is something I am pleased to see," Skaset concludes.


ENDS
For further information
Nils Petter Skaset, CEO of Aega ASA,
tel: +47 951 88 154
e-mail: ceo@aega.no



About AEGA
Aega ASA is a Norwegian listed investment company. The company focuses on
acquisitions of smaller existing solar parks in Italy. In addition to being an
industrial player in Italy, Aega also considers financial investments within the
renewable energy sector.

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