Affiliate Notice: Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

Affiliate Notice: Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

Issuer

Alternus Energy Group Plc

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 Closing of $2.16
Million Private Placement of Convertible Notes and Warrants," attached here as
an exhibit.

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.

More information:
Access the news on Oslo Bors NewsWeb site

616374_FIN ALCE - Closing Press Release (4.22.24) vFinal.pdf