Utility-scale transatlantic clean energy independent power producer Alternus
Energy Group Plc (OSE: ALT) today announces that its majority owned subsidiary,
Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE" or the "Company") has issued
a press release titled "Alternus Clean Energy, Inc. Announces 1-for-25 Reverse
Stock Split as Part of Nasdaq Compliance Plan" which is attached as an exhibit
to this notice and will file a Current Report on Form 8K related to this
announcement with the US Securities and Exchange Commission (SEC), available at
www.sec.gov and on the Company's website at
https://ir.alternusenergy.com/financials-filings/sec-filings . About Alternus
Energy Group: The Company is a transatlantic clean energy independent power
producer (IPP). We currently develop, install, own and operate utility scale
solar parks in America and Europe. Our highly motivated and dynamic team at
Alternus have achieved rapid growth in recent years. Building on this, our goal
is to reach 3GW of operating projects within 5 years through continued organic
development activities and targeted strategic opportunities. Our vision is to
become a leading provider of 24/7 clean energy delivering a sustainable future
of renewable power with people and planet in harmony. AEG operates primarily
through Alternus Clean Energy, Inc. (Nasdaq: ALCE). AEG is listed on the
Euronext Growth Oslo exchange and headquartered in Ireland, while Alternus Clean
Energy, Inc. is listed on Nasdaq and headquartered in the US. They remain as two
separate legal entities.