No. 2 2022 Annual Report 2021

CEO Jens Andersen says: "Our 2021 result reflects strong performance across all our segments driven by our strategic focus areas. This echoes in the 43% increase in EBITDA, which totalled DKK 911m, and our EBITDA margin of 7.4%.With our strong financial performance in mind we propose a dividend payment of DKK 329m. We have set an ambition to reach net zero in scope 1+2 already in 2030. As a part of our road to net zero we expect to introduce our Science Based Targets initiative...

In 2021, 10/02/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

"Our 2021 result reflects strong performance across all our segments driven by our strategic focus areas. This echoes in the 43% increase in EBITDA, which totalled DKK 911m, and our EBITDA margin of 7.4%.

With our strong financial performance in mind we propose a dividend payment of DKK 329m.

We have set an ambition to reach net zero in scope 1+2 already in 2030. As a part of our road to net zero we expect to introduce our Science Based Targets initiative targets within 2022.

In addition, I would like to thank my colleagues for their dedication and commitment to Solar. Every single one of you has made a difference and contributed to the results. This gives me great hope for the future and reinforces my firm belief in: Solar - Stronger Together.”

See the assumptions on page 9 in Annual Report 2021.

The presentation of Annual Report 2021 will be made in English on 10 February 2022 at 11:00 CET. The presentation will be transmitted as an audio webcast and will be available at www.solar.eu. Participation will be possible via teleconference.

Teleconference call-in numbers:

DK: tel. +45 787 232 50
UK: tel. +44 333 300 9271
US: tel. +1 631 913 1422  Pin: 4158 3571#

CEO Jens Andersen - tel. +45 79 30 02 01
CFO Michael H. Jeppesen - tel. +45 79 30 02 62
IR Director Dennis Callesen - tel. +45 29 92 18 11

Enclosure: Annual Report 2021, pages 1-150, including Q4 2021 quarterly information.

Solar is a leading European sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Our core business centres on product sourcing, value-adding services and optimisation of our customers' businesses.

We facilitate efficiency improvement and provide digital tools that turn our customers into winners. We drive the green transition and provide best in class solutions to ensure sustainable use of resources.

Solar Group is headquartered in Denmark, generated revenue of approx. DKK 12.4bn in 2021 and has approx. 2,900 employees. Solar is listed on Nasdaq Copenhagen and operates under the short designation SOLAR B. For more information, please visit www.solar.eu .

This announcement was published in Danish and English today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the Danish version shall prevail.

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