Affiliate Solis Bond Company Notice

Affiliate Solis Bond Company Notice

Issuer

Alternus Energy Group Plc

Reference is made to the updates issued by Alternus Energy Group Plc (OSE: ALT)
("AEG") and Solis Bond Company DAC ("Solis"), an indirect wholly owned
subsidiary of Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a
majority owned subsidiary of AEG, on 9 March 2023, 21 March 2023, 27 March 2023,
18 April 2023, 24 April 2023, 16 May 2023, 19 September 2023, 16 October 2023,
18 December 2023, 3 January 2024 , 31 January 2024, 26 February 2024 and 12
March 2024 regarding the waivers of the financial covenants and extension of the
maturity date sought from the bondholders in Solis' FRN senior secured EUR
200,000,000 green bonds 2021/2024 (ISIN NO0010914914) (the "Bonds").

AEG and Solis announce that the Bond Trustee has granted a technical extension
of the Maturity Date until 31 May 2024. As was previously disclosed on 26
February 2024, the Bond Trustee, with approval from a majority of the
Bondholders, may further extend the Bonds on a month to month basis to 29
November 2024.

Due to the seasonality of Solis' business, approximately 70% of its revenues are
received during the summer period. Therefore, first quarter incomes are normally
insufficient to pay the full interest amount that is due. As a result, Solis
will now make an interest payment of EUR 1,000,000 (€1 million), which is
approximately 50% of the total interest due for the first quarter of 2024. The
remaining interest amount will be paid alongside, and in addition to, the next
interest payment due 6 July 2024 from Solis' ongoing business operations. Solis
will incur a late payment penalty in accordance with the Bond Terms, which will
also be paid on 6 July 2024.

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.

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