Commencement of the subscription period for the rights issue - Correction

06 Oct 2025 11:46 CEST

Reference is made to the stock exchange announcement published by EAM Solar AS
(the "Company") on 1 October 2025 regarding the approval by the extraordinary
general meeting of the Company of a rights issue of up to 20 000 000 new shares
("the "Offer Shares") in the Company, each with a nominal value of NOK 1,0, at a
subscription price of NOK 1,0 per share (the "Subscription Price"), raising
gross proceeds of up to NOK 20 million (the "Rights Issue").

The Company has published a national prospectus prepared in connection with the
Rights Issue (the "Prospectus") as registered in the Norwegian Register of
Business Enterprises ("NRBE"). The Prospectus is, subject to local applicable
securities laws, available at the website of Norne Securities AS on
www.norne.no/EAM

The subscription period for the Rights Issue will commence today, 6 October 2025
at 09:00 hours (CEST) and expire on 20 October 2025 at 16:30 hours (CEST) (the
"Subscription Period"). The Subscription Rights (as defined below) will be
tradable on Euronext Growth Oslo under the ticker code “EAMT” from today, 6
October 2025 at 09:00 hours (CEST) until 14 October 2025 at 16:30 hours (CEST).

Allocation of Subscription Rights
Shareholders of the Company as of 1 October 2025 (and being registered as such
in Euronext Securities Oslo, the Norwegian Central Securities Depository (the
"VPS") as of 3 October 2025 pursuant to the two days' settlement procedure (the
"Record Date", and such shareholders, the "Existing Shareholders"), have been
granted tradable subscription rights (the "Subscription Rights") in the Rights
Issue. Each Existing Shareholder has been granted 2.6144 Subscription Rights for
each existing share in the Company registered as held by the Existing
Shareholder of the Record Date, rounded down to the nearest whole Subscription
Right. Each Subscription Right will, subject to applicable law, give the right
to subscribe for, and be allocated one (1) new share at the Subscription Price.
Oversubscription and subscription without subscription rights will be allowed.

The allocation to, or acquisition of Subscription Rights by, and the
subscription of Offer Shares by, persons resident in, or who are citizens of
countries other than Norway, may be affected by the laws of the relevant
jurisdiction. For a further description of such restrictions, reference is made
to the Prospectus.

The Subscription Rights
The Subscription Rights will be tradable and listed on Euronext Growth Oslo from
09:00 hours (CEST) on 6 October 2025 to 16:30 hours (CEST) on 14 October 2025
under the ticker code "EAMT". The Subscription Rights will hence only be
tradable during a part of the Subscription Period. Subscription Rights that are
(i) not sold before 16:30 hours (CEST) on 14October 2025 or (ii) not used to
subscribe for shares in the Rights Issue prior to expiry of the Subscription
Period on 20 October 2025 at 16:30 hours (CEST) will lapse without compensation
to the holder, and thus be without value.

The Subscription Rights are expected to have an economic value if the Company's
shares trade above the Subscription Price during the Subscription Period.
Existing Shareholders who do not exercise their Subscription Rights will
experience a dilution of their shareholding in the Company.

Conditions
The Rights Issue is conditional upon the following conditions (collectively, the
"Conditions"): (i) that the company raises at least NOK 7,649,740 in the Rights
Issue; and (ii) that the Company has published the Prospectus as registered in
the Norwegian Register of Business Enterprises ("NRBE").

If it becomes clear that the conditions mentioned above will not be fulfilled,
the Rights Issue will be withdrawn.
Furthermore, the Rights Issue may be withdrawn, or the implementation of the
Rights Issue may be delayed, if the total subscription amount for the Offer
Shares is not received by the Company in time or at all. If the Rights Issue is
withdrawn, all Subscription Rights will lapse without value, any subscriptions
for, and allocations of, Offer Shares that have been made will be disregarded
and any payments for Offer Shares that have been made will be returned to the
subscribers without interest or other compensation. The lapse of Subscription
Rights will be without affecting the validity of any trades in Subscription
Rights, and investors will not receive any refund or compensation with respect
to Subscription Rights purchased in the market.

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