Scatec ASA

Transaction in Own Shares • Dec 2, 2015

Scatec Solar ASA: Transfer of shares

Scatec Solar ASA: Transfer of shares

Oslo, December 2, 2015: Scatec Solar Ansatte AS, a company owned 100% by Scatec

AS ("Scatec"), has today transferred a total of 46,710 shares in Scatec Solar

ASA ("Scatec Solar" or the "Company") to Scatec at the price NOK 41.70 per

share. This transfer does not change Scatec's direct and indirect ownership in

Scatec Solar. Scatec holds 19,482,339 shares in Scatec Solar, representing

approximately 20.8 percent of the outstanding shares in the Company.

Scatec is represented on the Board of Directors in the Company by John Andersen

(Chairman) and Alf Bjørseth.

This information is subject to the disclosure requirements pursuant to section

4-2 of the Norwegian Securities Trading Act.

[HUG#1970693]