Scatec ASA

Board/Management Information • Dec 12, 2022

Scatec appoints Hans Jakob Hegge as new Chief Financial Officer

Scatec appoints Hans Jakob Hegge as new Chief Financial Officer

Oslo, 12 December 2022: Scatec ASA, a leading renewable energy provider in

emerging markets, today named Hans Jakob Hegge as the company's Chief Financial

Officer. He will succeed Mikkel Tørud, who will step into his new role as EVP

Green Hydrogen and Middle East and North Africa region.

Hegge will take on the new role as of March 1, 2023.

Since 2021, Hegge has held the position as CFO in Moreld, an industrial group

established in 2019 by Norwegian private equity investor HitecVision. Before

that, Hegge spent 25 years working with Equinor ASA, both in Norway and

internationally in senior leadership positions, most recently as Country Manager

for the USA and before that as CFO in the period 2015-2018.

"I am excited that Hans Jakob Hegge will join Scatec's management team and take

on the position as our new CFO. Hegge has extensive experience from senior

leadership positions from both finance and operations, roles that are well

suited for Scatec's growth journey. He will be a solid addition to our

management team, supporting our growth ambitions and strategy to develop, own,

and operate renewable energy and green hydrogen across our focus markets," says

Scatec CEO Terje Pilskog.

"I would like to thank and congratulate Mikkel for his invaluable leadership

role as CFO over the past eight years. I am looking forward to continuing

working closely with Mikkel in his new role," adds Pilskog.

"I very much look forward to being a part of Scatec's new management team.

Working in the largest renewables company listed on the Oslo stock exchange is

exciting and I am eager to contribute to the growth journey the company has

started on", says Hans Jakob Hegge.

For further information, please contact:

For analysts and investors: Andreas Austrell, VP Investor Relations, tel:

+47 974 38 686, andreas.austrell@scatec.com

(https://www.globenewswire.com/Tracker?data=leIY9nJZCUYX3MsXJUJdNW3hcrUfYkDc03xQ

csyOz8vG4WWrwD8JiXsLSQpFox1gsFJxqL18Y014d1Dm9-

Jl30ntrCGJDaqQa79WfFE4zGjKnDGDDgbXcUvtO_vQuLw5)

For media: Meera Bhatia, SVP Communications & Government Affairs, tel:

+47 468 449 59, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)

About Scatec

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

reliable and affordable clean energy in 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 700 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://www.globenewswire.com/Tracker?data=179Qnpbbb5pkAonK4yqj6UDzrNDzcX-

XgowIzrpfHprBCXKru2alttc2Ku8VB8yjKDvKICXl1bfjBZP71Uf2MQ==) or connect with us

on LinkedIn

(https://www.globenewswire.com/Tracker?data=g636aIXDB_FW7YzIu00OAsDAzHsdwZKf8iKX

xmKWFUUmzgy4sVOm9hpNJtnumhHx3RwQ_8DtW46wGloZYlHBNui3DG4evFZW9EDlbHE81bE=).

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, Communication &

IR Coordinator at Scatec ASA, on 12 December 2022 at 08:00 CET