Scatec ASA

Scatec ASA - Buy-back of bonds

Oslo, 1 February 2024: Reference is made to the stock exchange notice 31 January

2024 regarding Scatec ASA's issuance of new bonds.

In conjunction with the bond issue, Scatec has bought back EUR 136 million of

outstanding bonds with ticker "SCATC03 ESG" (ISIN NO0010931181) which will be

cancelled subsequently. Following the transaction, the total nominal outstanding

amount will be EUR 114 million. The remaining proceeds from the NOK 1,750

million bond issue after the buy-back will be applied towards eligible

activities as set out in the Green Financing Framework, including additional

repayment of corporate debt. Scatec has no intention to increase debt on

corporate level.

DNB Markets, Nordea and SpareBank 1 Markets acted as Joint Lead Managers for the

transaction.

For further information, please contact:

Andreas Austrell, VP IR, tel: +47 974 38 686

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 4.2 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 information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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