Scatec ASA

Scatec Solar ASA: Annual general meeting held

Oslo, 23 April 2018: Scatec Solar ASA ('SSO') held its annual general meeting on

23 April at 09:00 (CET). A total of 55,215,051 shares, representing 53.39 % of

the share capital was represented at the general meeting.

The general meeting resolved the board's proposal of a dividend of NOK 0.78 per

share. The dividend shall accrue to the company's shareholders as they appear in

the company's shareholder register in the VPS on 25 April 2018, being the

Company's shareholders at the date of the general meeting based on regular T+2

settlement. The company's shares will trade on Oslo Stock Exchange exclusive the

right to receive dividend as from 24 April 2018. The dividend is expected to be

paid on or about 15 May 2018.

All proposals were resolved as presented in the notice convening the general

meeting distributed on 23 March 2018 and as further set out in the minutes from

the general meeting attached hereto.

For further information, please contact:

Mr. Raymond Carlsen, CEO, tel: +47 454 11 280, e-mail:

Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, e-mail:

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

1000 MW.

Currently, the company is producing electricity from 322 MW of solar power

plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and

another 434 MW are under construction.

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

project backlog and pipeline of more than 1.5 GW under development in the

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

Oslo, Norway.

For more information on Scatec Solar, please visit our home page

www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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