Affiliate Alternus Clean Energy Inc. Notice

20 Sep 2024 22:00 CEST

Utility-scale transatlantic clean energy independent power producer Alternus
Energy Group Plc (OSE: ALT) today announces that its majority owned subsidiary,
Alternus Clean Energy, Inc. (NASDAQ: ALCE) (“ALCE” or the “Company”) has issued
a press release titled “Alternus Clean Energy Receives Nasdaq Delisting Notice.
Intends to Appeal and Regain Compliance Within Timeframes Allowed” which is
attached as an exhibit to this notice and will file a Current Report on Form 8K
related to this announcement with the US Securities and Exchange Commission
(SEC), available at www.sec.gov and on the Company’s website at
https://ir.alternusenergy.com/financials-filings/sec-filings .

About Alternus Energy Group:
The Company is a transatlantic clean energy independent power producer (IPP). We
currently 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 exchange 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.

More information:
Access the news on Oslo Bors NewsWeb site

628266_FIN ReverseSplit.PR.pdf