Savo-Solar Plc announces preliminary outcome of th

Savo-Solar Plc Company Announcement                  4 July 2017 at 9:45 a.m. (CEST)

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Savo-Solar Plc announces preliminary outcome of the oversubscribed rights issue

Savo-Solar Plc ("Savo-Solar" or the "Company") has carried out a rights issue of approximately EUR 4.3 million (the "Offering") during the time period between 14 June and 30 June 2017 in Finland and between 14 June and 28 June in Sweden. The Offering has been subscribed to 113 %. The final outcome of the Offering and the allocation will be announced on 5 July 2017 after the cancellation period of subscriptions due to the prospectus supplement published on 30 June 2017 has ended.

The Board of Directors of Savo-Solar will resolve on 5 July 2017 to approve the subscriptions received in the Offering, as well as the allocation of offered shares and warrants.

As announced on 29 June 2017, Savo-Solar has been selected as the preferred bidder in a tender for the delivery of a solar thermal plant to the company newHeat SAS in France. For this reason, the Company prepared a supplement to the prospectus, which was published on 30 June 2017. As stated in the supplement, the investors who have subscribed for offer shares before the publication of supplement to the prospectus may choose to cancel their subscriptions. The cancellation right must be exercised no later than on 4 July 2017 at 18:00 Finnish time (17:00 Swedish time).

Advisers Mangold Fondkommission AB and Augment Partners AB are acting as financial advisors to the Company in the Offering. Smartius Oy is acting as the legal adviser to the Company on aspects of the Offering related to the Finnish law.

SAVO-SOLAR PLC

For more information: Savo-Solar Plc Managing Director Jari Varjotie Phone: +358 400 419 734 E-mail: jari.varjotie@savosolar.com

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 4 July 2017 at 9:45 a.m. (CEST).

Savo-Solar in brief Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company's collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar's vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems - market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar's shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.com.

The company's Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.

IMPORTANT NOTICE This release or the information contained therein shall not be distributed, directly or indirectly, in Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or the United States. The information contained in this release do not constitute an offer of, or invitation to purchase any securities in any area, where offering, procurement of or selling such securities would be unlawful prior to registration or exemption from registration or any other approval required by the securities regulation in such area. This release is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations issued by virtue of it. Savo-Solar has not registered, and does not intend to register, any offering of securities in the United States. No actions have been taken to register the shares or the offering anywhere else than in Finland and Sweden.

The information contained herein shall not constitute an offer of, or invitation to purchase any securities in any jurisdiction. This release is not a prospectus and does not constitute any offer, invitation or investment advice to subscribe for or purchase securities. Investors should not subscribe for or purchase any securities or make any investment decisions referred to herein except on the basis of information contained in a prospectus issued by Savo-Solar.