Savosolar Plc
Company Announcement                  12 December 2018 at 6.20 p.m. (CET)

Approximately 3.0 per cent of the warrants in Savosolar Plc's Warrant Plan 1-2018 were used for subscription of shares

The share subscription period based on Savosolar Plc's warrants 1-2018 ended on 10 December 2018. Based on the warrants, 3,303,950 new shares were subscribed for and the company received approximately EUR 66,079 new capital before issue costs. Approximately 3.0 per cent of the warrants were used for subscription of shares.

The warrants which were not used for subscription of shares have lost their value and will be removed from warrant holders' securities accounts.

For more information:

Savosolar Plc
Managing Director: Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, "MAR"). The information was submitted for publication by the aforementioned person on 12 December 2018 at 6.20 p.m. (CET).

About Savosolar

Savosolar 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, Savosolar helps its customers to produce competitive clean energy. Savosolar'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. Savosolar 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. Savosolar'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.