Scatec ASA

Scatec ASA: New CFO granted share options

Oslo, 2 March 2023:

Hans Jacob Hegge has started as new CFO in Scatec ASA. In accordance with the

terms of the share-based incentive programme for leading employees, Hans Jakob

Hegge, has been granted 67,516 share options. Each share option gives the right

to subscribe for and be allotted one share in Scatec ASA.

Identical to the strike price of the options granted to leading employees in

Scatec's long term incentive programme in January, the strike price of the

options is set to NOK 80.25 per share. The options will lapse if not exercised

by 1 January 2027. The option grant is divided into three tranches whereby 1/3

vests each year over three years, with the first tranche vesting 1 January 2024.

Attached is the notification of the transactions in accordance with the Market

Abuse Regulation Article 19.

For further information, please contact:

Andreas Austrell, VP IR, phone: +47 974 38 686, [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 close to 800 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 the

Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities

Trading act.

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