April Legal Status Update

Please find below a summary of legal developments which occurred April 2026.

1) Intesa Sanpaolo Settlement Agreement Signed:

As previously reported, the Company and Intesa Sanpaolo have been working to finalize a settlement agreement aimed at ending a dispute between the parties. The parties have now signed the agreement on the terms previously reported. The hearing scheduled for 8 July 2026 will be dropped and the proceedings ended.

In conjunction with the settlement agreement EAM will book a positive reversal of EUR 1.39m in the second quarter financial accounts due to a write down of the debt provision for the Intesa Sanpaolo claim.

2) Cassation Court:

On 22 April 2026 the Court of Cassation held the final hearing in the matter related to the first arbitration case. A decision in this matter is not expected before June 2026.

3) ESGI Bankruptcy:

On 16 April 2026 the bankruptcy of the company Energetic Source Green Investment Srl (“ESGI”) has issued its final disbursements to the creditors. The bankruptcy is expected to soon close. EAM Group received a one-off disbursement in April of EUR 240k (NOK 2.6m). For the avoidance of doubt, this is not the same bankruptcy disbursement the Company reported on 23 March 2026.

4) ENS 1 Valuation Postponement:

The hearing originally scheduled for 21 May 2026 has been postponed by the court until 1 October 2026.

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.no This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.