Scatec ASA

Scatec Solar ASA: Employee Share Purchase Programme 2020

27 May 2020: As announced on 28 April 2020, Scatec Solar (the Company) offered

participants the opportunity to purchase shares with a subscription value of

between NOK 19,661 and NOK 78,644. The subscription period was originally from

8 May to 15 May 2020. The shares will be allocated to employees on or about 10

June 2020. Due to the fact that certain employees did get access to inside

information on 15 May 2020, these employees were unable to subscribe within the

original subscription period. The Company decided to re-open the subscription

window for a short period for the employees in question, except for members of

the Company's Executive Management. The subscription window re-opened 26 May

2020 and closed at 27 May 2020 at 12:00.

Primary insider Ingrid Aarsnes, VP Communications & IR in the Company,

subscribed for NOK 78,644, equaling 454 shares at a volume weighted price of NOK

173.2177. After this, Ingrid Aarsnes holds 1,331 shares and 10,570 share options

in the Company.

For further information, please contact:

Mikkel Tørud, CFO, tel: +47 976 99 144

About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering

affordable, rapidly deployable and sustainable clean energy worldwide. A long-

term player, Scatec Solar develops, builds, owns, operates and maintains solar

power plants and has an installation track record of more than 1.6 GW. The

company has a total of 1.9 GW in operation and under construction on four

continents.

With an established global presence and a significant project pipeline, the

company is targeting a capacity of 4.5 GW in operation and under construction by

end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the

Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit

www.scatecsolar.com (http://www.scatecsolar.com)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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