Reference is made to the previous stock exchange announcements published by EAM
Solar AS (the "Company") regarding the rights issue of up to 20 000 000 new
shares in the Company (the "Offer Shares"), at a subscription price of NOK 1.0
per Offer Share, to raise gross proceeds of NOK 20 million (the "Rights Issue").
 
The subscription period for the Rights Issue (the "Subscription Period") expires
today, 20 October 2025, at 16:30 hours (CEST). 

Subscriptions for Offer Shares must be made within the expiry of the
Subscription Period and may either be made through the VPS online subscription
system or by submitting a correctly completed subscription form to Norne
Securities AS (the "Settlement Agent"). 

Subscription rights that are not used to subscribe for Offer Shares before the
expiry of the Subscription Period will have no value and will lapse without
compensation to the holder. 

The Rights Issue is conditional upon that the company raises at least NOK
7,649,740 in gross proceeds. If the condition mentioned above is not be
fulfilled, the Rights Issue will not be completed. 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may be withdrawn, or the implementation of the Rights Issue may be delayed, if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 not completed, 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.

For more information, and the complete terms and conditions of the Rights Issue,
please refer to the national prospectus dated 3 October 2025 (the "Prospectus").
The Prospectus, including the subscription form, is, subject to applicable local
securities laws, available at the website of the Settlement Agent at
www.norne.no/EAM 

This information is published in accordance with the requirements of the
Continuing Obligations.

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