Preliminary results in the rights issue

Reference is made to the previous stock exchange announcements published by EAM Solar AS (the "Company") regarding the rights issue of up to 110,000,000 new shares in the Company (the "Offer Shares"), each with a nominal value of NOK 0.50 at a subscription price of NOK 0.50 per Offer Share (the "Subscription Price"), to raise gross proceeds of NOK 55 million (the "Rights Issue"). The subscription period for the Rights Issue (the "Subscription Period") expired yesterday, 7 July 2026 at 16:30 hours (CET). Preliminary results indicate that the Company has received subscriptions for a total of approximately NOK 101.6 million, corresponding to approximately 203.2 million Offer Shares.

The final result of allocation of Offer Shares is expected to be published during today, 8 July 2026, and notification of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber is expected to be made available in the VPS on or about 8 July 2026. The due date for payment of the Offer Shares is 10 July 2026.

The company remains available for questions or clarifications. For further information, please contact:

Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.no Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Norne Securities AS has been engaged as settlement agent and Ro Sommernes Advokatfirma AS is acting as legal advisor to the Company.