Update: Advisor Appointment

15 Nov 2024 16:08 CET

Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT)
("AEG") on October 11, 2024 relating to the arbitration court’s ruling against
AEG at the Polish Chamber of Commerce in Warsaw and the update issued by AEG on
November 11, 2024 relating to the filing of Confessions of Judgment with the
Fourth Judicial District of the Minnesota courts against AEG.

Further to the foregoing, the board of AEG has resolved to appoint external
advisors to examine the potential courses of action available to the Company, in
the interest of its creditors. DLA Piper in Dublin and Oslo have been appointed
to examine all possible courses of action which may address the position of
creditors or a class of creditors. It is intended to conclude this review in the
near term.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17. This stock exchange announcement was published by
Vincent Browne, CEO and Director at Alternus Energy Group Plc on 15 November
2024, 16:15 CET.

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