Update on temporary bond waiver and amendments to the Bond Terms

14 Apr 2023 13:37 CEST

Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT)
(“Alternus” or the “Company”) on 9 March 2023, 21 March 2023 and 27 March 2023
regarding the compliance report for its wholly owned subsidiary, Solis Bond
Company DAC (“Solis”), for the year ended 31 December, 2022 and the temporary
waivers of the financial covenants and amendments sought from the bondholders in
Solis’ FRN senior secured EUR 200,000,000 green bonds 2021/2024 (ISIN
NO0010914914).

The Company and Solis are pleased to announce that the bondholders have voted to
approve the resolutions for the temporary waivers and amendments to the Bond
Terms, as previously attached to the Company’s notice filed on 27 March 2023.

About Alternus Energy Group Plc
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. For
more information visit www.alternusenergy.com.

Forward Looking Statements: Certain information contained in this announcement,
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.

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