16 July 2021 ENFO25 FIT reinstated by theAdministrative Court of Lazio The Administrative Court of Lazio (TAR) has decided in a court ruling on the 12th of July that the termination decision made by GSE on the FIT contract for ENFO25 inSeptember 2019 is invalid and consequently cancelled. GSE has not paid the FIT tariff for the electricity delivered by ENFO 25 sinceJuly 2019 , and currently owe approximatelyEUR 700 000 in unpaid electricity bills to ENFO 25. The Administrative Court also ordered GSE to cover the legal costs ofEAM Solar ASA . How and when GSE will restore their contractual obligations is not yet determined. We will revert with more information as soon as this is available. Commencement of criminal proceedings againstEnovos Luxembourg SA inOslo District Court Enovos Luxembourg SA has been summoned by theOslo District Court for the commencement of criminal proceedings. The law firm Thommessen, representingEnovos Luxembourg SA , has been given until the 15th of September to respond to the criminal indictment. 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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