Scatec ASA

Remuneration Information • Mar 28, 2022

Scatec ASA: New CEO granted 10,000 options

Scatec ASA: New CEO granted 10,000 options

Oslo, 28 March 2022: Reference is made to today's stock exchange announcement

that Terje Pilskog has been appointed CEO of Scatec ASA.

In accordance with the terms of the share-based programme for leading employees

and reflective of the increase in his base salary, he has been granted an

additional 10,000 options. Each share option gives the right to subscribe for

and be allotted one share in Scatec ASA.

The strike price of the options is set to NOK 134.53 per share based on the

volume weighted average share price over the ten last trading days preceding the

grant date of 28 March 2022. The options will lapse if not exercised by 1

January 2026. The option grant is divided into three tranches whereby 1/3 vests

each year over three years, with the first tranche vesting 1 January 2023.

For further information, please contact:

Andreas Austrell, VP Investor Relations tel: +47 974 38 686, email:

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

About Scatec:

Scatec is a leading provider of renewable energy solutions, that is 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

which currently have 3.5 GW of installed capacity in four continents. We are

targeting 15 GW renewable capacity to be in operation or under construction by

the end of 2025, delivered by our 600 passionate employees who are driven by a

common vision: 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

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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.