Aega ASA – Aega ASA distributes solar park portfolio as dividend.

30 Aug 2024 07:30 CEST

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Oslo, 30 August 2024

On 29 August 2024, the board of directors of Aega ASA (the "Company") resolved a
distribution of dividend in kind of up to 23,791,983 shares in Aega AS, a wholly
owned subsidiary of the Company, to the shareholders of the Company as of close
of trading on the Oslo Stock Exchange on 11 September 2024 (and being registered
as such in the Central Securities Depository Euronext Securities Oslo ("VPS"))
as of close of business on 13 September 2024 (The "Record date"), pursuant to
VPS' standard two days' settlement procedure.

The value of the distribution is NOK NOK 59,479,958, equivalent to NOK 2.50 per
share in Aega ASA. Shareholder of the Company will receive one Aega AS share for
each share held in the Company as of the Record date. The Aega AS shares are
expected to be delivered to the VPS accounts of the relevant Aega ASA
shareholders on or about 27 September 2024. The distribution will be regarded as
repayment of paid in capital by the shareholders of Aega ASA.

The Company, through its wholly owned subsidiary Aega AS, currently owns 9
operational solar parks and one solar park under development. After the dividend
payment, Aega ASA will not own any solar parks but will continue to have
operational responsibility and management agreements with the same parks through
its wholly owned subsidiary Aega Management AS. In addition, Aega ASA will still
hold a stake in Norsk Renewables AS through the Company's wholly owned
subsidiary Aega Investment AS.

The debt in Aega ASA, currently NOK 29,880,000, has been transferred to Aega AS
in consultation with the lenders, and Aega ASA will therefore be debt-free after
the dividend payment.

The decision was made based on the authorization given by the general meeting on
31 May 2024. The rationale, as stated in the general meeting notice, is that the
cash flow generated from the solar parks should be channelled to the owners
without the costs associated with the operation of Aega ASA.


For more information or questions contact:

Nils P Skaset
CEO - +47 951 88 154
ceo@aega.no

About Aega
Aega ASA is an energy company listed on Euronext Expand in Oslo. Aega’s main
focus is the solar power market. The company acquires and operates smaller
existing Italian solar power plants. In addition to being an industrial energy
producer we also consider investments in the solar and renewable energy sector.
The company’s head offices are in Oslo (NO) and Trento (IT).

For more information, see www.aega.no

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