Scatec ASA

Remuneration Information • Apr 28, 2020

Scatec Solar ASA: Employee Share Purchase Programme 2020

Scatec Solar ASA: Employee Share Purchase Programme 2020

28 April 2020: Scatec Solar is continuing its Employee Share Purchase Programme

established in 2019. The participants are offered to purchase shares with a

subscription value of between NOK 19,661 and NOK 78,644. Employees are offered a

general discount of NOK 3,000 on their total share purchase. In addition, a

price reduction of 20 percent of the subscription value will apply in exchange

for the shares being subject to a two-year lock-up period.

The subscription period will run from 8 May to 15 May 2020. The price per share

will be based on the average volume-weighted share price on the Oslo Stock

Exchange from and including 11 May to 15 May 2020. The shares will be allocated

to participants on or about 10 June 2020.

Nordea Bank Abp, filial in Norway will on behalf of the Company purchase Scatec

Solar ASA shares in the open market for onwards sale to participants under the

programme.

For further information, please contact:

Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364

email: ingrid.aarsnes@scatecsolar.com (mailto:ingrid.aarsnes@scatecsolar.com)

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

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act