Scatec ASA

Scatec ASA: Completed share buyback for Employee Share Purchase Programme

Oslo, 13 June 2024: Reference is made to the stock exchange release by Scatec

ASA ("Scatec" or the "Company") published on 10 June 2024 regarding initiation

of a share buyback programme.

The Company has completed its share buyback programme. DNB Bank ASA has been

engaged to carry out the buybacks on behalf of the Company pursuant to the EU

Market Abuse Regulation article 5.

The Company has acquired a total of 50,162 own shares at an average volume

weighted price per share of NOK 84.6157. A report of all the transactions

relating to the buy-back programme, in a detailed form and in an aggregated form

is attached.

The shares acquired is used for the Company's Employee Share Purchase Programme

and sold to employees.

After the acquisition and sale to employees, Scatec does not own any shares in

the Company.

For further information, please contact:

Andreas Austrell, VP Investor Relations, [email protected] (mailto:[email protected])

About Scatec

Scatec is a leading renewable energy solutions provider, accelerating access to

reliable and affordable clean energy emerging markets. As a long-term player, we

develop, build, own, and operate renewable energy plants, with 4.6 GW in

operation and under construction across four continents today. We are committed

to grow our renewable energy capacity, delivered by our passionate employees and

partners who are driven by a common vision of 'Improving our Future'. Scatec is

headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the

ticker symbol 'SCATC'. To learn more, visit www.scatec.com

(https://scatec.com/) or connect with us on LinkedIn

(https://www.linkedin.com/company/scatec).

This is information is made public by the Company pursuant to the EU Market

Abuse Regulation and subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

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