Ellomay Capital Announces Entry into a Facilities Agreement by Talasol Solar, Enabling a Refinancing of Talasol’s Deb

Tel-Aviv, Israel, December 8, 2021 – Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of
renewable energy and power projects in Europe and Israel, today announced that Talasol Solar S.L. (“Talasol”), which owns a photovoltaic plant with installed capacity of 300MW in the
municipality of Talaván, Cáceres, Spain and is 51% owned by the Company, entered into a Facilities Agreement with European institutional lenders (the “Facilities Agreement”).
The Facilities Agreement provides for the provision of a term loan facility in two tranches: (i) a term loan in the amount of €155 million for 22.5 years, and (ii) a term loan in the amount of €20
million for 21 years (together, the “New Financing”). The aggregate New Financing amount (€175 million), will be us