Notice of share issue to employees and primary insiders

– Stavanger: The Board of Directors of Norsk Solar AS (the "Company", OSEBX ticker NSOL) has resolved to issue a total of 625,500 new shares as part of its employee incentive program. Once the share capital increase related to this share issue has been registered with the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 753,958.87, divided into 75,395,887 shares, each with a par value of NOK 0.01.

Among the subscribers are certain primary insiders of the Company, and the Company refers to the attached forms for details on the primary insider subscriptions.

This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.

Contact:

Sindre Stovner, Interim CFO

+47 917 86 431    | [email protected]