Reference is made to the press release issued by Alternus Energy Group Plc (OSE:
ALT) ("AEG" or the "Company") on 27 November 2023 and 28 December 2023,
regarding the planned sale of its operating solar projects in the Netherlands.  

The Company is pleased to announce that Solis Bond Company DAC, an indirect
wholly owned subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE" or
"Alternus"), a majority owned subsidiary of the Company, has executed a
definitive agreement with Theia for the sale of 100% of the share capital in
Zonnepark Rilland B.V. ("Rilland") holding a 11.8 MW solar farm project in the
Netherlands.

The transfer of the full legal title to all the shares in Rilland to Theia will
occur upon receipt of the agreed purchase price ("Completion") from the buyer.
The total remuneration consisting of the purchase price and the repayment of
shareholder's loans granted to Rilland is in line with what the Company
previously announced on 27 November 2023 and will be used to pay down the Solis
Bond.

The definitive agreement contains customary interim covenants of the Seller
concerning the period between the execution date and Completion, and is subject
to various closing conditions. Completion will occur once all conditions
precedent have been met, which is anticipated to occur during Q1 2024.

EY acted as the sole Financial Advisor to the Company in this transaction.

About Alternus Energy Group (AEG): 
AEG is a transatlantic clean energy independent power producer (IPP). We
develop, install, own and operate utility scale solar parks in America and
Europe. Our highly motivated and dynamic team at Alternus have achieved rapid
growth in recent years. Building on this, our goal is to reach 3GW of operating
projects within 5 years through continued organic development activities and
targeted strategic opportunities. Our vision is to become a leading provider of
24/7 clean energy delivering a sustainable future of renewable power with people
and planet in harmony. 

AEG operates primarily through Alternus Clean Energy, Inc (Nasdaq: ALCE). AEG is
listed on the Euronext Growth Oslo and headquartered in Ireland while Alternus
Clean Energy, Inc. is listed on Nasdaq and headquartered in the US. They remain
as two separate legal entities.

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
notice, 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 to differ materially from the Company's estimated future results,
performance or achievements expressed or implied by the forward-looking
statements. These statements should not be relied upon as representing Alternus'
assessments of any date after the date of this notice The Company undertakes no
obligation to update these statements for revisions or changes after the date of
this release, except as required by law.



For More Information:

Alternus Energy Group
ir@alternusenergy.com
+1 (913) 815-1557

or

The Blueshirt Group
alternus@blueshirtgroup.com
+1 (323) 240-5796

Click here for more information

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