Scana — Share Issue/Capital Change 2024

Sep 9, 2024

Scana ASA - Exercise of share options associated with the share option program including primary insiders.

Scana ASA - Exercise of share options associated with the share option program including primary insiders.

Bergen, 9 September 2024: Option holders in Scana ASA's share option program have today exercised a total of 9,166,665 options at a strike price of 1.42 per share. Of this total, 3,416,666 options were exercised by primary insiders.

Primary insider Anette Netteland Dybvik, Head of Investor Relations and Communication in Scana, has exercised 250,000 options granted on 6 July 2022. Following the transaction Anette Netteland Dybvik owns a total of 250,000 shares.

Primary insider Oddbjørn Haukøy, Chief Business Officer in Scana, has exercised 2,000,000 options granted on 24 January 2022. Following the transaction Oddbjørn Haukøy owns a consolidated holding of 40,187,747 shares, where 36,187,143 shares are held by his investment company, No Surrender AS, and 4,000,604 shares are held by his related party, Subsea Independent AS.

The total number of options exercised includes the option exercise of 1,166,666 options, which was announced to the stock exchange by Scana ASA on 21 August 2024. This announcement pertains the primary insiders Torvald Ulland Reiestad, Chief Financial Officer in Scana, and Morten Riiser, VP Finance in Scana.

The exercised options will be settled by issuance of new shares, increasing the Company's share capital to NOK 461,559,565 divided into 461,559,565 shares.

Please see attached transaction notifications for further details.

All exercised options have been granted in accordance with the company's share option program. This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

For more information, please contact:

Pål Selvik, CEO, Scana ASA, +47 970 46 502

Scana in brief

Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has above 600 employees. www.scana.no