Press release Updated Voluntary Offer NBI

On 6 March 2017 Solør Bioenergi Holding AS (the Offeror), a wholly owned subsidiary of Solör Bioenergi
Holding AB (publ), announced that it had decided to make a conditional offer to acquire all outstanding
shares in Nordic Bioenergy Infrastructure AS (the Company) on certain terms and conditions (the Offer).
The Offeror hereby announces that it has decided to submit a revised offer to acquire all outstanding shares in the Company on certain terms and conditions (the Revised Offer). The Revised Offer is contingent upon
several conditions, including financing, ordinary course of business of the Company, and others.

The Revised Offer price is NOK 28.75 per share which gives a total Revised Offer purchase consideration for
all outstanding shares in the Company of NOK 287 500 000, based on 10 000 000 fully diluted shares in the
Company and gross‐of‐fees. The Board of Directors of the Company has confirmed that it will recommend the Shareholders to accept the
Revised Offer.

The Offeror has received confirmation from shareholders represented on the Board of Directors of the
Company, who in aggregate represent 1 097 000 shares equal to 10.97 % of the share capital in the Company
(on a fully diluted basis), that they will vote in favour of the Revised Offer on the General Meeting which will be convened for the purpose of resolving whether to accept the Revised Offer.

The acceptance period for the Revised Offer is expected to close on 25 March 2017, unless extended by the
Offeror. If the Revised Offer is not completed within 30 April 2017, the Revised Offer will lapse.
This announcement does not in itself constitute an offer and is not intended to be exhaustive. Any Revised
Offer will only be made on the basis of an offer document and can only be accepted pursuant to the terms of
such document. For further information, explicit reference is made to an offer document that will contain
further details regarding the Revised Offer. Such offer document is expected to be sent to shareholders of
Nordic Bioenergy Infrastructure AS as soon as practically possible.
A Revised Offer will not be made in any jurisdiction in which the making of the Revised Offer would not be in compliance with the laws of such jurisdiction. Any Revised Offer and the distribution of this announcement and other information in connection with the Revised Offer may be restricted by law in certain jurisdictions. Solør Bioenergi Holding AS assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

This release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the Revised Offer, future plans and objectives of Solør Bioenergi Holding AS are forward-looking statements that involve risk and uncertainties.

There can be no assurances that such statements will prove to be accurate and actual results could differ
materially from those anticipated in such statements.

Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, industrial steam, electricity and various biomass products. 

Stockholm, 14 March 2017

Contact: Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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Voluntary Offer NBI

Solør Bioenergi Holding AS, a wholly owned subsidiary of Solör Bioenergi Holding AB (publ),
announces that it has decided to make a conditional offer to acquire all outstanding shares in
Nordic Bioenergy Infrastructure AS (the Company) on certain terms and conditions (the Offer). The
Offer is contingent upon several conditions, including financing, ordinary course of business of the
Company, and others.

The Offer price of NOK 27 per share gives a total Offer purchase consideration for all outstanding
shares in the Company of NOK 270 000 000, based on 10 000 000 fully diluted shares in the
Company.

The acceptance period for the Offer is expected to close on 17 March 2017, unless extended by Solør
Bioenergi Holding AS. If the Offer is not completed within 30 April 2017, the Offer will lapse.
This announcement does not in itself constitute an offer and is not intended to be exhaustive. Any
Offer will only be made on the basis of an Offer document and can only be accepted pursuant to the
terms of such document. For further information, explicit reference is made to an Offer document
that will contain further details regarding the Offer. Such Offer document is expected to be sent to
shareholders of Nordic Bioenergy Infrastructure AS.

An Offer will not be made in any jurisdiction in which the making of the Offer would not be in
compliance with the laws of such jurisdiction. Any Offer and the distribution of this announcement
and other information in connection with the Offer may be restricted by law in certain jurisdictions.
Solør Bioenergi Holding AS assumes no responsibility in the event there is a violation by any person
of such restrictions. Persons into whose possession this announcement or such other information
should come are required to inform themselves about and to observe any such restrictions.

This release contains certain forward-looking statements. All statements, other than statements of
historical fact, included herein, including without limitation, statements regarding the Offer, future
plans and objectives of Solør Bioenergi Holding AS are forward-looking statements that involve risk
and uncertainties. There can be no assurances that such statements will prove to be accurate and
actual results could differ materially from those anticipated in such statements.

Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, industrial steam, electricity and various biomass products.

Stockholm, 06 March 2017

Contact: Daniel Jilkén, CLO
Phone +41 76 761 27 90, email daniel.jilken@solorbioenergi.com

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Interim figures Q4 2016

Solør Bioenergy Group continues its operational improvements during the fourth quarter 2016 compared to the same period last year.

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Interim report Q4 2016 and full year 2016 – Solør Bioenergy Group

January – December 2016.
Solör Bioenergi Holding AB (publ), Corp. Reg. No. 556907‐9535 
Stockholm, February 27, 2017 

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Press Release mandate letter

Notice to Oslo Stock Exchange November 14th 2016 Solör Bioenergi Holding AB signs mandate agreement with SEB for refinancing of the Group’s debt.

Solör Bioenergi Holding AB has entered into a mandate agreement with SEB regarding refinancing of existing debt. As part of the mandate agreement SEB will assist the Solör Bioenergy Group in its planning and structuring of overall debt refinancing, as well as evaluate and analyze potential refinancing options.

SEB will also coordinate and contact potential debt providers and provide assistance in evaluating terms.
The Solør Bioenergy Group comprises bioenergy companies, which are providing essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, industrial steam, electricity and various biomass products.

Stockholm November 14th 2016
For further information, please contact Daniel Jilkén, CLO
Phone +41 76 761 27 90, e-mail daniel.jilken@solorbioenergi.com

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Press release interim report Q3

Solør Bioenergy Group continues its operational improvements during the third quarter 2016 compared to the same period last year
• The third quarter of 2016 was characterized by substantially warmer weather in comparison to the same period during the previous year.
• Despite the warmer weather, net sales increased by 2 percent compared with last year and amounted to SEK 122 M compared to SEK 120 M last year. For segment district heating net sales increased by 1 percent compared with last year, amounting to SEK 91 M compared to SEK 90 M last year.
• Consolidated gross contribution increased by 27 percent to SEK 89 M (70), mainly as a consequence of higher margins due to operational improvements such as lower raw material costs.
• EBITDA was at SEK 7 M compared to SEK ­14 M last year. The increase in EBITDA is mainly attributable to the higher gross contribution.
• Profit after tax amounted to SEK ­100 M compared to SEK ­6 M last year. The difference compared with last year is mainly related to non­cash effective net foreign currency exchange losses during the third quarter 2016 and recognition of deferred tax assets on tax losses carryforward during the same period last year.

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Solør Bioenergy Group interim report Q3 and first nine months 2016

Solør Bioenergy Group – Interim report for the third quarter of 2016
January – September 2016 

Solör Bioenergi Holding AB (publ), Corp. Reg. No. 556907‐9535 
Stockholm, October 28, 2016

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Solør Bioenergy Group – Update on refinancing

PRESS RELEASE – 28 September 2016
Solør Bioenergy Group hereby informs that it within its ordinary business has initiated the evaluation
of different refinancing opportunities. Solør Bioenergy Group will provide more information on its
refinancing within due course.

Solør Bioenergy Group comprises bioenergy companies which are providing essential energy services in Sweden,
Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including
private households, municipalities, industrial customers and local/regional governments. As a leading bioenergy company, the Group is operating in the entire value chain from procurement, production and distribution to sale of energy in form of district heating, industrial steam, electricity and various biomass products.

Stockholm, 28 September 2016
Contact: Daniel Jilkén, CLO
Phone +41 76 761 27 90,
email daniel.jilken@solorbioenergi.com

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Press release – Interim figures Q2 2016

Solør Bioenergy Group is influenced by warmer weather in the second quarter 2016 compared to the same period last year.

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