SPI Announces Exercise of Private Placement Options

Solar Power, Inc., a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, recently announced that Brilliant King Group Ltd. and Poseidon Sports Limited have exercised their options to purchase shares of common stock in the Company in connection with the private placement option agreement each of them entered into with the Company on December 12, 2014, respectively. The parties exercised their options to acquire a total of 7.5 million shares (the “Shares”) of common stock of SPI for the total purchase price of US$15 million. The Shares are restricted securities and are subject to a three-month lock-up period. The Shares are being offered and sold solely to non-U.S. investors on a private placement basis in reliance on Regulation S promulgated under the U.S. Securities Act of 1933, as amended.