An agreement was signed for the sale in Denmark of a 55 MW solar park

16/2022 Company Announcement (22.12.2022)

European Energy today signed an agreement to sell a Danish solar park with a total output of 55 MW.

The solar park is grid-connected since January 2022. It produces green electricity sufficient to supply 15,000 households.

Closing is expected this year. European Energy’s financial position will be improved by the sale.

European Energy’s financial guidance for 2022 remains unchanged at an EBITDA of EUR 135m and profit before tax of EUR 100m.

For further information, please contact Investor Relations: [email protected].

This announcement was made in accordance to the EU market abuse regulation (regulation EU no. Market abuse regulation (Regulation (EU) no. 596/2014).