European Energy A/S: Agreement signed with PFA Pension for the conditional sale of a portfolio of solar PV plants in the UK

Company announcement 4/2016

European Solar Farms A/S, a subsidiary of European Energy A/S, has signed a conditional agreement concerning the sale of 3 solar PV plants located in the United Kingdom to PFA Infrastruktur Holding ApS, a subsidiary of PFA Pension, Forsikringsaktieselskab. European Energy A/S owns approximately 79% of the shares in European Solar Farms A/S.

The 3 solar PV plants have a combined installed capacity of 14.75 MW. The agreement includes an option for an additional 3 solar PV plants which, if exercised, will bring the size of the transaction to a total of 29.36MW installed capacity.

The agreement is conditional upon the satisfaction of a number of customary conditions precedent, including the solar PV plants receiving formal confirmation of the applicable feed-in-tariff. Completion of the sale will contribute positively to European Energy A/S' financial position.

Contact information: 
European Energy A/S 
Jens-Peter Zink, Chairman of the board 
jpz@europeanenergy.dk 
ph. + 45 2047 8220

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: European Energy A/S via Globenewswire
HUG#2028388

\Hugin