Scatec ASA

Remuneration Information • Jan 30, 2020

Scatec Solar ASA - Exercise of employee share options

Scatec Solar ASA - Exercise of employee share options

Oslo, 30 January 2020: Reference is made to the stock exchange notice from

earlier today, 30 January 2020, regarding exercise of employee share options.

Upon option exercise, the primary insiders below have realised the subscribed

shares.

Raymond Carlsen, Chief Executive Officer, sold 81,623 shares at a price of NOK

149.3474 per share.

Mikkel Tørud, Chief Financial Officer, sold 61,278 shares at a price of NOK

149.3474 per share.

Terje Pilskog, EVP Project Development & Project Finance, sold 53,345 shares at

a price of NOK 149.3474 per share.

Torstein Berntsen, EVP Power Production, sold 50,587 shares at a price of NOK

149.3474 per share.

Roar Haugland, EVP Sustainable Business & HSSE, sold 46,909 shares at a price of

NOK 149.3474 per share.

Snorre Valdimarsson, EVP General Counsel, sold 47,007 shares at a price of NOK

149.3474 per share.

Pål Helsing, EVP Solutions, sold 10,710 shares at a price of NOK 149.3474 per

share.

Toril Haaland, EVP People & Organisation, sold 9,096 shares at a price of NOK

149.3474 per share.

An overview of shares and options held by primary insiders after the transaction

is attached hereto.

For further information, please contact:

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

ir@scatecsolar.com (mailto:ir@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 1.3 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