Dublin, 29 July 2022 International Renewable Independent Power Producer (IPP)
Alternus Energy Group Plc (OSE: ALT) (the "Company" or "Alternus") is pleased to
announce the appointment of Mr. Jon Masdal as an Independent non-Executive
Director, with immediate effect. Mr. Masdal's appointment brings the board to a
total of six members.

Mr. Masdal is an Oslo-based portfolio manager with the Ludvig Lorentzen family
office. He has extensive capital markets experience in the energy sector having
covered renewables and the broader energy sector as a sell side analyst at at
Norway's leading Investment bank, DNB Markets, for 10 years. During his time at
DNB Mr Masdal was a top-ranked analyst in the Nordic energy sector. Prior to
joining DNB he worked as an auditor at EY in Oslo. He graduated from the
University of New Mexico in 2010 with a BBA in Finance and Accounting and
resides in Oslo. 

Speaking about the new appointment, Vincent Browne, Chairman and CEO of Alternus
lternsaid: 

"Jon's expertise in the local capital markets should prove a real asset to
Alternus as we continue our growth and will further assist us with local and
international stakeholder engagement. His background in the energy sector will
allow him to immediately comprehend our powerful growth engine and provide the
board with insights on industry trends and positioning. We very much look
forward to working with him and utilizing his experience to inform our business
strategy."   
 
Mr. Masdal commented: 

"I believe this is a very fitting time for me to join the board of Alternus
Energy. Their mission to support a clean energy future is one that I feel very
passionately about and serves to benefit all stakeholders. The need for
investment in clean energy has never been more critical. I look forward to
lending my experience in the energy sector & capital markets to support the
company's continued growth." 



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


About Alternus Energy 

Alternus Energy Group Plc is an international vertically integrated independent
power producer (IPP). Headquartered in Ireland, and listed on the Euronext
Growth Oslo, the Company develops, installs, owns, and operates midsized utility
scale solar parks. The Company also has offices in Rotterdam and America.
Alternus Energy aims to own and operate over 3.5 gigawatts of solar parks by the
end of 2025.

Forward Looking Statements: Certain information contained in this letter,
including any information on the Company's plans or future financial or
operating performance and other statements that express the Company's
management's expectations or estimates of future performance, constitute
forward-looking statements. When used in this press release, words such as
"anticipate," "believe," "continue," "could," "estimate," "expect," "intend,"
"may," "might," "plan," "possible," "potential," "predict," "project," "should,"
"would" and similar expressions, as they relate to us or our management team,
identify forward-looking statements.  Such forward-looking statements are based
on the beliefs of management, as well as assumptions made by, and information
currently available to, the Company's management. Such statements are based on a
number of estimates and assumptions that are subject to significant business,
economic and competitive uncertainties, many of which are beyond the control of
the Company. The Company cautions that such forward-looking statements involve
known and unknown risks and other factors that may cause the actual financial
results, performance or achievements of the Company could differ materially from
the Company's estimated future results, performance or achievements expressed or
implied by the forward-looking statements. The Company undertakes no obligation
to update these statements for revisions or changes after the date of this
release, except as required by law.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange