7 October 2021 The Supreme Court of Italy held a hearing on the 6th of October on the appeal of the acquittal sentence decided by theMilan Criminal Court of Appeal issued the 20th ofJanuary 2021 .The Supreme Court of Cassation decided to annull the judgment of acquittal of the indicted by theMilan Court of Appeal , and consequently the criminal proceedings will return to theMilan Criminal Court of Appeal for new proceedings. As far as EAM understands this reinstates the validity of the first instance ruling fromApril 2019 whereby theCourt of Milan found EAM to be victim of criminal contractual fraud in conjunction with the P31 acquisition. The detailed basis and arguments for theSupreme Court's decision will be published at a later date.The Italian Supreme Court of Cassation is the highest court ofItaly . Appeals to theCourt of Cassation generally come from the Appellate Court, the second instance courts. TheSupreme Court can reject, or confirm, a sentence from a lower court. If it rejects the sentence, it can order the lower court to amend the trial and sentencing, or it can annul the previous sentence altogether. For further information, please contact: Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no AboutEAM Solar ASA :EAM Solar ASA is a utility company that acquires and operates solar power plants. The Company currently owns solar PV power plants inItaly . The plants are operating under long-term sales contracts. In addition, the Company's business is lawsuits in relation acquisition of solar power plants. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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