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Arise Ab: Legally Binding Permits for 11 Turbines in "Treriksröset" Project

LAHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:

Following a ruling by the Svea Court of Appeal on the Treriksröset project, Arise (STO:ARISE) has expanded its project portfolio with permits for eleven new turbines. Arise had appealed the ruling of the environmental court to the Environmental Court of Appeal, and in December the latter gave permission for the case could be heard, which is unusual.

A final ruling has now been made as a result of which the Company will be permitted to build eleven turbines. The Court of Appeal has thus overturned the decisions of the county administrative board and environmental court in favour of the Company. Another consequence of the ruling is that the method of measuring the noise produced by a wind turbine will be simplified, which will benefit the whole industry.

The project is now ready to move on to a phase preparatory phase, which will begin immediately with the aim of commencing construction as soon as all preparatory work has been completed.

Halmstad 1 September, 2014

ARISE AB (publ)

The information contained herein constitutes information which Arise AB is legally required to publish under the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 15.30 p.m. on 1 September 2014.

About Arise

Arise is one of Sweden's leading companies in onshore wind power. Its business concept is to sell electricity generated at the company's own wind turbines. The company's target is to have 1,000 MW of onshore wind power constructed and under management by 2017, of which 500 MW will remain in the ownership of the company. Arise is listed on NASDAQ OMX Stockholm.

Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20 20 900, corporate id .no. 556274-6726

E-mail info@arise.se, www.arise.seP

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Contacts

Arise AB
Lars Fröding
COO and Deputy CEO
+46 730 758 400
or
Peter Nygren
CEO
+46 706 300 680