Scatec ASA

Scatec ASA - Share capital increase registered with the Norwegian Register of Business Enterprises

Oslo, 11 February 2022: Reference is made to the stock exchange announcement by

Scatec ASA ("Scatec") published 9 February 2022 regarding a share capital

increase following the exercise of employee share options.

The issuance of 53,257 new shares has been registered with the Norwegian

Scatec is NOK 3,972,931.875 divided on 158,917,275 shares, each with a nominal

value of NOK 0.025. Each share represents one vote in the company's General

Meeting.

For further information, please contact:

Andreas Austrell, VP IR, tel: +47 974 38 86, [email protected]

About Scatec ASA

Scatec is a leading renewable power producer, delivering affordable and clean

energy worldwide. As a long- term player, Scatec develops, builds, owns and

operates solar, wind and hydro power plants and storage solutions. Scatec has

more than 3.5 GW in operation and under construction on four continents and more

than 600 employees. The company is targeting 15 GW capacity in operation or

under construction by the end of 2025. 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 (http://www.scatec.com) or connect with us on

Linkedin (https://www.globenewswire.com/Tracker?data=5O2pdn4VoGoAr-

tccDnbbQglS4ARJk2dFsY7_4b75cjfpYexJt9cr9dpdpIK6IPamEVlDHNnfOKe8JxsGdd9mu-

cZrdTFrI6GtJQD0brZxA=).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

AI Terminal