Scatec ASA

Capital/Financing Update • Jan 26, 2024

Scatec ASA - Fixed income investor meetings

Scatec ASA - Fixed income investor meetings

Oslo, 26 January 2024: Scatec ASA ("Scatec") has mandated DNB Markets, Nordea,

and SpareBank 1 Markets to arrange a series of fixed income investor meetings

commencing Monday, 29 January 2024. A NOK 1,750 million (expected) or EUR

equivalent senior unsecured green bond issue with a 4-year maturity may follow,

subject to inter alia market conditions. Net proceeds of the bond issue shall be

applied towards eligible activities as set out in the Green Financing Framework.

Subject to completion of the contemplated new bond issue, Scatec will offer to

buy-back in cash parts of its outstanding EUR denominated bonds due 19 August

2025 with ticker "SCATC03 ESG" (ISIN NO0010931181) with matched settlement for

the contemplated new bond issue. Investors participating in the new bond issue

will be given priority allocation in the buy-back.

For further information, please contact:

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

About Scatec ASA:

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 considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Kine Aaltvedt, IR Analyst at

Scatec ASA, on 26 January at 07:02 CET.