Scatec ASA

Board/Management Information • Sep 26, 2022

Changes to Scatec's Executive Management team

Changes to Scatec's Executive Management team

Oslo, 26 September 2022: Scatec ASA, a leading renewable energy company, is

implementing changes to the Executive Management team to position Scatec for

increased growth and to further strengthen the company's organisation.

Renewable energy is more critical than ever. Scatec sees vast opportunities in

its key markets to further accelerate the green transition and continue to

deliver clean, sustainable, and affordable energy to customers across emerging

markets. To achieve this and deliver on Scatec's ambitions, the company is

expanding its executive management team to 11 members and strengthening its

regional set up.

Strengthened regions and centralised support and service functions

The regional approach entails that management will be even closer to Scatec's

main markets to drive growth opportunities for the company and ensure long-term

success. Each region, namely Sub-Saharan Africa, Middle East & North Africa

(MENA), Asia, and Latin America/Europe, will be responsible for the company's

operating power plants and business development. We are also lifting green

hydrogen as a key focus area to executive management level.

In addition, Scatec will further strengthen the business structure to be able to

deliver on the company's strategy in the best possible way. This will entail

that the regional organisation will be supported by central support and service

functions including People, Strategy & Digital, ESG & HSSE, Legal (Compliance),

Finance, as well as Solutions and Operations & Maintenance.

Scatec's current CFO Mikkel Tørud will take on a new executive management role

as EVP, Green Hydrogen and MENA, in the new organisation. A recruitment process

for his successor is set into motion with immediate effect and will be

communicated once finalised. Tørud will continue as CFO until a successor is in

place.

Accelerating Scatec's future journey

"We are strengthening Scatec and enabling our regions to have direction and

focus to further grow and deliver on our strategy. People are at the centre of

everything we do, and I am looking forward to accelerating Scatec's future

journey with a strengthened team and structure. Renewable energy is more

critical than ever, and this is the moment in time when real change in the

energy sector can be made. Scatec is at the centre of this transformation and is

ready to provide clean and affordable energy to emerging markets," says Scatec

CEO Terje Pilskog.

Scatec's Executive Management team, effective as of mid-November:

* Terje Pilskog, Chief Executive Officer

* Mikkel Tørud, CFO until successor in place. Thereafter, EVP, Green Hydrogen

& MENA

* Jan Fourie, EVP, Sub-Saharan Africa

* Ann-Mari Lillejord, EVP, Latin America/Europe

* Eliseo Ana, EVP, Asia

* Pål Helsing, EVP, Solutions

* Pål Strøm, EVP, Operations & Maintenance

* Kate Bragg, EVP, People, Strategy & Digital

* Roar Haugland, EVP, ESG & HSSE

* Snorre Valdimarsson, EVP, Legal

For further information, please contact:

For analysts and investors: Andreas Austrell, VP IR, tel: +47 974 38 86,

andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)

For media: Meera Bhatia, SVP Communications, tel: +47 46 84 49 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 high growth 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=H_v-

U0NBoQQHoa3BleBGTHWrckR45gJZd1G1lvYIeH71NP-

1HKwPl5F3rPVemuwycv9_5WnC8057b0BDE05NxMx-i31X0X971lWcLirKdl-

A4sFXbCc3VAK78uylhZil11GrCAkEH3PivdkaNKgLcj6OQv5PFnzEjUxbKya3sz5pF6qkH6IftbzDSIn

eAy7yZvMkTHDcge_ZishV8ikn_9XOHAEsvcPHMFYi7lmk7TA=) or connect with us

on LinkedIn

(https://www.globenewswire.com/Tracker?data=ngxGGACeEyq7JVRbsn_IfaPJ6rLQGffGuRpn

Lt4tKK6YcnQy_iNiFGfu_F9FFNqDw296Rqr0M4HmPs8yVfEQ5rmCCB5e4hM9K4po8DRxaXo=).

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 26 September 2022 at 07:00 CEST