Regulatory press release

NSOL: Norsk Solar is starting construction of solar project Orgio II in Brazil

Norsk Solar is excited to announce the construction start of the second solar
project in Brazil with the signing of the Engineering, Procurement and
Construction (EPC) agreement and a Financing Agreement for the construction of
the 9 MW solar park, Origo 2.
The project has a total capex of approximately MNOK 129 (MBRL 59) to be financed
by Norsk Solar and MNOK 63 (MBRL 29) in non-recourse project debt by Valora
Invest.
This happens days after the company announced COD of the Origo I project.