NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY
OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL
Oslo, 21 June 2022.
Reference is made to the stock exchange announcement published by Aega ASA
("Aega" or the "Company") on 3 June 2022 regarding the contemplated private
placement of new shares and/or a private placement of a convertible loan raising
proceeds of up to NOK 30 million (the "Fund Raising"). The Company hereby
announces that it has allocated NOK 19.880.000 in a private placement of a
convertible loan (the "Loan"). The Loan carries an interest at 3-month NIBOR
plus 5.75%, with an upper maximum of 10% interest, and is secured with a pledge
in the Company's shares in and claims in Aega Solar AS. The lenders may convert
their respective principal amount of the Loan to shares at a subscription price
of NOK 1, subject to customary terms and conditions, from and including 31
December 2022.
The net proceeds of the Loan will be used for the following purposes:
o Acquisition of additional solar parks in Italy