Scatec ASA

Remuneration Information • Oct 6, 2016

Scatec Solar ASA - Long Term Incentive Programme

Scatec Solar ASA - Long Term Incentive Programme

Oslo, October 6, 2016: In line with the terms adopted by the annual general

meeting of Scatec Solar ASA on May 4, 2016, the Board of Directors has

established an option program for leading employees of the company. The option

program replaces the restricted share incentive program that was established

prior to the Scatec Solar IPO two years ago and that expired October 3, 2016.

Yesterday a total of 757,009 of options were granted to leading employees,

including the following primary insiders: CEO Raymond Carlsen 116,326, CFO

Mikkel Tørud 89,529, EVP Terje Pilskog 77,938, EVP Torstein Berntsen 73,908, EVP

Roar Haugland 67,261, and EVP Snorre Valdimarsson 67,261.

Each share option gives the right to subscribe for and be allotted one share in

Scatec Solar ASA. The strike price of the options is set to NOK 29.57 per share

based on the volume weighted average share price over the last 10 trading days

preceding the grant date of October 5, 2016. The options will lapse if not

exercised by 1 January 2022. The option grant is divided into three tranches

whereby 1/3 vests each year over three years, with the first tranch vesting

January 1, 2018. The current grant is the first of three contemplated annual

grants of options in accordance with the Scatec Solar share based incentive

program.

About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering

affordable, rapidly deployable and sustainable source of clean energy worldwide.

A long term player, Scatec Solar develops, builds, owns, operates and maintains

solar power plants, and already has an installation track record of close to

600 MW.

The company is producing electricity from 426 MW of solar power plants in the

Czech Republic, South Africa, Rwanda, Honduras, Jordan and the United States.

With an established global presence, the company is growing briskly with a

project backlog and pipeline of close to 1.5 GW under development in the

Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in

Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol

'SSO'.