Scatec ASA — AGM Information 2019

Apr 30, 2019

			In case of discrepancy between the Norwegian language original text and the English language translation, the Norwegian text shall prevail
PROTOKOLL FRA ORDINÆR GENERALFORSAMLING			MINUTES FROM ANNUAL GENERAL MEETING
	SCATEC SOLAR ASA		SCATEC SOLAR ASA
Den 30. april 2019 kl. 10:00 ble det avholdt ordinær generalforsamling i Scatec Solar ASA ("Selskapet").			On 30 April 2019 at 10:00 hours (CET), an annual general meeting was held in Scatec Solar ASA (the "Company").
Til behandling forelå:			The following matters were on the agenda:
1.	Åpning av møtet ved styrets leder John Andersen	1.	Opening of the meeting by the chairman of the board of directors John Andersen
Styrets leder, John Andersen, åpnet møtet og tok opp fortegnelse over møtende aksjeeiere og fullmakter, inntatt i Vedlegg 1. Stemmegivningen for de enkelte saker på dagsordenen er inntatt i Vedlegg 2.			The chairman of the board, John Andersen, opened the meeting and registered the attendance of shareholders present and proxies, as listed in Annex 1. The voting for each of the items on the agenda is included in Annex 2.
69 121 511 aksjer var representert, tilsvarende 60,76% av totalt antall utestående aksjer og stemmer.			69 121 511 shares were represented, equivalent to 60.76% of the total number of issued shares and votes.
2.	Fremleggelse av fortegnelse over møtende aksjeeiere og fullmektiger	2.	Presentation of the record of shareholders and representatives present
Fortegnelse over møtende aksjeeiere og fullmektiger ble fremlagt. Det ble ikke fremsatt noen kommentarer til fortegnelsen.			The record of shareholders and representatives present was presented. No comments were made to the record.
3.	Valg av møteleder og en person til å medundertegne protokollen	3.	Election of chairman of the meeting and a person to co-sign the minutes
Generalforsamlingen fattet følgende vedtak:			The general meeting made the following resolution:
protokollen."	"Lars Knem Christie velges som møteleder, og Snorre Valdimarsson velges til å medundertegne		"Lars Knem Christie is elected as chairman of the meeting, and Snorre Valdimarsson is elected to co- sign the minutes."
Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.			The resolution was approved with sufficient majority. See Annex 2 for the voting results.

Scatec Solar ASA Karenslyst Allé 49
N-0279 Oslo

LKC W

4.	Approval of notice and agenda
Godkjenning av innkalling og dagsorden	4.
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
"Innkalling og dagsorden godkjennes."	"The notice and agenda are approved."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
5.	5.
Informasjon om virksomheten	Information about the business
Det var ikke vedtak under dette punktet.	No resolutions were made under this agenda item.
Godkjennelse av årsregnskapet og	Approval of the annual accounts and annual
6.	6.
årsberetningen for regnskapsåret 2018	report for the financial year 2018
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
"Generalforsamlingen godkjenner årsregnskap og årsberetning for regnskapsåret 2018, herunder styrets redegjørelse for foretaksstyring i henhold til regnskapsloven § 3-3b."	"The general meeting approves the annual accounts and annual report for the financial year 2018 including the board of directors' report on corporate governance pursuant to the Norwegian Accounting Act section 3-3b."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
	Presentasjon av styrets rapport om eierstyring og 7. Consideration of the board's report on corporate
selskapsledelse	governance
Styrets rapport om eierstyring og selskapsledelse ble	The board's report on corporate governance was
presentert. Rapporten var tilgjengelig på Selskapets	presented. The report was available at the Company's
nettside www.scatecsolar.com i forkant av møtet	website www.scatecsolar.com prior to the meeting
(Corporate Governance Report for 2018). Det ble ikke	(Corporate Governance Report for 2018). No comments
fremsatt noen kommentarer til presentasjonen.	were made to the presentation.
8.	Approval of distribution of dividend
Godkjennelse av utdeling av utbytte	8.
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
"Generalforsamlingen vedtar at det utbetales	"The general meeting resolves that a dividend of
et utbytte på NOK 0,95 per aksje. Utbyttet skal	NOK 0.95 per share shall be distributed. The
tilfalle Selskapets aksjeeiere slik de	dividend shall accrue to the Company's
fremkommer i Selskapets aksjeeierregister 3.	shareholders as they appear in the Company's
mai 2019, som er Selskapets aksjeeiere på	shareholder register in the VPS on 3 May 2019,

LKC

tidspunktet for avholdelse av ordinær	being the Company's shareholders at the date of
generalforsamling basert på normalt T+2	the general meeting based on regular T+2
oppgjør. Selskapets aksjer vil handles på Oslo	settlement. The Company's shares will trade on the
Børs eksklusive retten til å motta utbytte fra	Oslo Stock Exchange exclusive the right to receive
og med 2. mai 2019. Utbytte er forventet	dividend as from 2 May 2019. The dividend is
utbetalt omkring 15.mai 2019."	expected to be paid on or about 15 May 2019."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
Godkjennelse av erklæring om fastsettelse av	Approval of the declaration on salaries and other
9.	9.
lønn og annen godtgjørelse til ledende ansatte	remuneration for senior management
a)	a)
Veiledende retningslinjer	Advisory guidelines
Generalforsamlingen avholdt en rådgivende avstemning	The general meeting held an advisory vote for precatory
for veiledende retningslinjer. Generalforsamlingen fattet	guidelines. The general meeting thereafter made the
deretter følgende vedtak:	following resolution:
«Generalforsamlingen slutter seg til de rådgivende retningslinjene i erklæringen fra styret i henhold til allmennaksjeloven § 6-16a.»	"The general meeting endorses the advisory quidelines in the declaration from the board of directors pursuant to the Public Limited Liability Companies Act section 6-16a."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
b)	b)
Bindende retningslinjer	Binding guidelines
Generalforsamlingen avholdt en avstemning for	The general meeting held a vote for binding guidelines.
bindende retningslinjer. Generalforsamlingen fattet	The general meeting thereafter made the following
deretter følgende vedtak:	resolution:
"Generalforsamlingen godkjenner de bindende retningslinjene i erklæringen fra styret i henhold til allmennaksjeloven § 6-16a.»	"The general meeting approves the binding guidelines in the declaration from the board of directors pursuant to the Public Limited Liability Companies Act section 6-16a."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
Godkjennelse av endringer i instruks til 10. valgkomiteen	10. Approval of amendments to the instructions to the nomination committee
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:

"Instruksen til valgkomiteen vedlagt som Vedlegg	"The instruction to the nomination committee
3 til protokollen for generalforsamlingen	attached as Annex 3 to the minutes of the general
godkjennes.»	meeting is approved."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
Godtgjørelse til styret	11. Approval of remuneration to the Board of
11.	Directors
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
"Godtgjørelse til styrets medlemmer for perioden	"The annual compensation from the ordinary
fra ordinær generalforsamling i 2019 til ordinær	general meeting in 2019 until the ordinary general
generalforsamling i 2020 fastsettes til	meeting in 2020 shall be
Styrets leder: NOK 455 000 pr. år Styrets øvrige NOK 285 000 pr. år medlemmer: Medlemmer av NOK 57 000 pr. år revisjonskomiteen: Medlemmer av	The chairman of the NOK 455 000 per year board: Members of the board: NOK 285 000 per year Members of the audit NOK 57 000 per year committee:
NOK 31 000 pr. år kompensasjonskomiteen:	Members of the NOK 31 000 per year remuneration committee:
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
Valg av styremedlemmer	Election of board members
12.	12.
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
"Selskapets styre består av:	"The Company's board of directors consists of:
· John Andersen, styrets leder - til 2020	· John Andersen, chairman - until 2020
· Jan Skogseth, styremedlem - til 2020	· Jan Skogseth, board member - until 2020
· Mari Thjømøe, styremedlem - til 2020	· Mari Thjømøe, board member - until 2020
· Gisele Marchand, styremedlem - til 2021	· Gisele Marchand, board member - until 2021
· John Giverholt, styremedlem - til 2021"	· John Giverholt, board member - until 2021"
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.

LEC

Godtgjørelse til valgkomiteens medlemmer 13.		13.	Approval of remuneration to the members of the nomination committee
Generalforsamlingen fattet følgende vedtak:			The general meeting made the following resolution:
"Godtajørelse til valgkomitéens medlemmer for perioden fra ordinær generalforsamling 2019 til ordinær generalforsamling 2020 skal være:			"Remuneration to the nomination committee for the period from the annual general meeting in 2019 to the annual general meeting 2020 shall be:
	Leder av valgkomitéen: NOK 52 000		The chairman of the NOK 52 000 nomination committee:
	NOK 36 000" Medlemmer av valgkomiteen:		Members of the NOK 36 000" nomination committee:
Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.			The resolution was approved with sufficient majority. See Annex 2 for the voting results.
14.	Valg av valgkomiteens medlemmer		14. Election of members to the nomination committee
Generalforsamlingen fattet følgende vedtak:			The general meeting made the following resolution:
	"Selskapets valgkomité består av		"The nomination committee consists of:
	Alf Inge Gjerde (leder) - til 2020 0 Hilde Myrberg (medlem) - til 2021 0 Svein Høgseth (medlem) - til 2021» 0		Alf Inge Gjerde (chairman) - until 2020 o Hilde Myrberg (member) - until 2021 Svein Høgseth (member) - until 2021 0
Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.			The resolution was approved with sufficient majority. See Annex 2 for the voting results.
15.	Godtgjørelse til revisor	15.	Approval of remuneration to the auditor
Generalforsamlingen fattet følgende vedtak:			The general meeting made the following resolution:
	"Godtgjørelse til revisor for lovpålagt revisjon for 2018 for Scatec Solar ASA på NOK 2 00 000 godkjennes."		"Remuneration to the auditor for statutory audit for 2018 for Scatec Solar ASA of NOK 2 000 000 is approved."
Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.			The resolution was approved with sufficient majority. See Annex 2 for the voting results.
16.	Styrefullmakt til erverv av egne aksjer i forbindelse med oppkjøp, fusjoner, fisjoner eller andre transaksjoner		16. Authorisation to the board to purchase treasury shares in connection with acquisitions, mergers, de-mergers or other transactions

LKC

Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
«(a) Styret gis fullmakt til å erverve og ta pant i	"(a) The board is authorised to acquire and pledge
egne aksjer opp til ti prosent av den registrerte	own shares in the Company up to ten percent of
aksjekapitalen (med samlet pålydende inntil	the registered share capital (with an aggregate
NOK 284 384).	nominal value of up to NOK 284 384).
(b) Det høyeste og laveste kjøpesum som skal	(b) The highest and lowest purchase price for each
betales for aksjene som kan erverves i henhold til	share shall be NOK 200 and NOK 1, respectively.
fullmakten er henholdsvis maksimalt NOK 200	The authorisation may only be used for the purpose
og minimum NOK 1. Fullmakten kan kun	of utilising the Company's shares as transaction
benyttes for det formål å benytte Selskapets	currency in acquisitions, mergers, de-mergers or
aksjer som vederlag ved oppkjøp, fusjoner,	other transactions. The board is otherwise free to
fisjoner eller andre transaksjoner. Styret står for	decide the method of acquisition and disposal of
øvrig fritt til å avgjøre hvordan erverv av aksjer	the Company's shares. The authorisation can also
skal skje. Fullmakten omfatter også situasjoner	be used in situations referred to in section 6-17 of
som nevnt i verdipapirhandelloven § 6-17.	the Norwegian Securities Trading Act.
(c) Fullmakten skal gjelde til ordinær	(c)The authorisation is valid until the annual
generalforsamling i 2020, dog senest til 30. juni	general meeting in 2020, however not after 30 June
2020.»	2020."
Vedtaket ble godkjent med stilstrekkelig flertall. Se	The resolution was approved with sufficient majority.
Vedlegg 2 for stemmegivning.	See Annex 2 for the voting results.
Styrefullmakt til erverv av egne aksjer i	Authorisation to the board to purchase treasury
17.	17.
forbindelse med Selskapets aksje- og	shares in connection with the Company's share-
insentivprogram for ansatte	and incentive programmes for employees
Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
"(a) Styret gis fullmakt til å erverve og pantsette opptil 750 000 egne aksjer (med samlet pålydende verdi NOK 18 750, som svarer til 0,66% av den registrerte aksjekapitalen).	"(a) The board is authorised to acquire and pledge up to 750 000 treasury shares (with an aggregate nominal value of NOK 18 750, corresponding to 0.66% of the registered share capital).
(b) Den høyeste og laveste kjøpesum som skal	(b) The highest and lowest purchase price for each
betales for aksjene som kan erverves i	share shall be NOK 200 and NOK 1, respectively.
henhold til fullmakten er henholdsvis	The authorisation may only be used for the purpose
maksimalt NOK 200 og minimum NOK 1.	of sale and/or transfer to employees in the
Fullmakten kan kun benyttes for det formål å	company as part of the Company's incentive
kjøpe og/eller overføre til ansatte i Selskapet	programmes as approved by the board of directors.

160

	§ 6-17.
	(c) Fullmakten skal gjelde til ordinær generalforsamling i 2020, dog senest til 30. juni 2020.»	(c) The authorisation is valid until the annual general meeting in 2020, however not after 30 June 2020."
	Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.	The resolution was approved with sufficient majority. See Annex 2 for the voting results.
18.	Styrefullmakt til erverv av egne aksjer i forbindelse med investering eller for etterfølgende salg eller sletting av slike aksjer	18. Authorisation to the board to purchase treasury shares for the purpose of investment or for subsequent sale or deletion of such shares
	Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
	«(a) Styret gis fullmakt til å erverve og ta pant i egne aksjer opp til ti prosent av den registrerte aksjekapitalen (med samlet pålydende inntil NOK 284 384).	"(a) The board is authorised to acquire and pledge own shares in the Company up to ten percent of the registered share capital (with an aggregate nominal value of up to NOK 284 384).
	(b) Det høyeste og laveste kjøpesum som skal betales for aksjene som kan erverves i henhold til fullmakten er henholdsvis maksimalt NOK 200 og minimum NOK 1. Fullmakten kan kun benyttes til investeringsformål eller for etterfølgende salg eller sletting av slike aksjer. Styret står for øvrig fritt til å avgjøre hvordan erverv av aksjer skal skje. Fullmakten omfatter også situasjoner som nevnt i verdipapirhandelloven § 6-17.	(b) The highest and lowest purchase price for each share shall be NOK 200 and NOK 1, respectively. The authorisation may only be used for the purpose of investment or for subsequent sale or deletion of such shares. The board is free to decide the method of acquisition and disposal of the Company's shares. The authorisation can also be used in situations referred to in section 6-17 of the Norwegian Securities Trading Act.
	(c) Fullmakten skal gjelde til ordinær generalforsamling i 2020, dog senest til 30. juni 2020.»	(c) The authorisation is valid until the annual general meeting in 2020, however not after 30 June 2020."
	Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.	The resolution was approved with sufficient majority. See Annex 2 for the voting results.
	19. Styrefullmakt til kapitalforhøyelse i Selskapet for å styrke Selskapets aksjekapital og utstede vederlagsaksjer i forbindelse med erverv av virksomhet innenfor Selskapets formål	Authorisation to the board to increase the share 19. capital of the Company for strengthening of the Company's equity and issue of consideration shares in connection with acquisitions of businesses within the Company's purpose
	Generalforsamlingen fattet følgende vedtak:	The general meeting made the following resolution:
	«Selskapets styre tildeles fullmakt til	"The Company's board is authorised to increase

Scatec Solar ASA
Karenslyst Allé 49
N-0279 Oslo

aksjekapitalforhøyelse på følgende vilkår:

• (a) Aksjekapitalen skal i en eller flere omganger i alt kunne forhøyes med inntil NOK 284 384 (tilsvarende 10% av den registrerte aksjekapitalen).
• (b) Fullmakten skal gjelde til ordinær generalforsamling i 2020, likevel senest til 30. juni 2020.
• (c) Fullmakten kan benyttes ved nødvendig styrkning av Selskapets egenkapital, og til utstedelse av vederlagsaksjer i forbindelse med erverv av virksomhet innenfor Selskapets formål.
• (d) Aksjeeiernes fortrinnsrett etter allmennaksjeloven § 10-4 skal kunne fravikes.
• (e) Fullmakten omfatter kapitalforhøyelse ved innskudd i andre eiendeler enn penger og rett til å pådra Selskapet særlig plikter i henhold til allmennaksjeloven § 10-2.
• (f) Fullmakten omfatter ikke beslutning om fusjon.

Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.

1. Styrefullmakt til kapitalforhøyelse i Selskapet i forbindelse med Selskapets insentivprogram for ansatte

Generalforsamlingen fattet følgende vedtak:

"Selskapets styre tildeles fullmakt til aksjekapitalforhøyelse på følgende vilkår:

• (a) Aksjekapitalen skal i en eller flere omganger i alt kunne forhøyes med inntil NOK 18 750 (tilsvarende opp til 750 000 aksjer og 0,66 % av den registrerte aksjekapitalen).
• (b) Fullmakten skal gjelde til ordinær generalforsamling i 2020, likevel senest til 30. juni

the share capital on the following conditions:

• (a) The share capital may, in one or more rounds, be increased by a total of up to NOK 284 384 (corresponding to 10% of the registered share capital).
• (b) The authorisation shall be valid until the ordinary general meeting in 2020, but no later than 30 June 2020.
• (c) The authorisation may be used for necessary strengthening of the Company's equity, and issuing of shares as consideration shares in acquisition of businesses within the Company's purpose.
• (d) The shareholders pre-emption for subscription of shares, pursuant to the Norwegian Public Limited Liability Companies Act section 10-4, may be set aside.
• (e) The authorisation includes increase of the share capital against contribution in kind and the right to incur the Company special obligations pursuant to the Norwegian Public Limited Liability Companies Act section 10-2.
• (f) The authorisation does not include decision on merger."

The resolution was approved with sufficient majority. See Annex 2 for the voting results.

Authorisation to the board to increase the share 20. capital of the Company in connection with the Company's incentive programmes for employees

The general meeting made the following resolution:

"The Company's board is authorised to increase the share capital on the following conditions:

• (a) The share capital may, in one or more rounds, be increased by a total of up to NOK 18 750 (corresponding to 750 000 shares and 0.66% of the registered share capital).
• (b) The authorisation shall be valid until the ordinary general meeting in 2020, but no later than 30 June

Scatec Solar ASA Karenslyst Alle 49 N-0279 Oslo

2020.	2020.
(c) Fullmakten kan benyttes til utstedelse av aksjer som del av Selskapets insentivprogram slik det er godkjent av styre.	(c) The authorisation may be used to issue shares as part of the Company's incentive programmes as approved by the board of directors.
(d) Aksjeeiernes fortrinnsrett etter allmennaksjeloven § 10-4 skal kunne fravikes.	(d) The shareholders pre-emption for subscription of shares, pursuant to the Norwegian Public Limited Liability Companies Act section 10-4, may be set aside.
(e) Fullmakten omfatter kapitalforhøyelse ved innskudd i andre eiendeler enn penger og rett til å pådra Selskapet særlig plikter i henhold til allmennaksjeloven § 10-2.	(e) The authorisation includes increase of the share capital against contribution in kind and the right to incur the Company special obligations pursuant to the Norwegian Public Limited Liability Companies Act section 10-2.
(f) Fullmakten omfatter ikke beslutning om fusjon.	(1) The authorisation does not include decision on merger."
Vedtaket ble godkjent med stilstrekkelig flertall. Se Vedlegg 2 for stemmegivning.	The resolution was approved with sufficient majority. See Annex 2 for the voting results.
* * * *
Ingen andre saker var på dagsorden.	No other matters were on the agenda.

Oslo, 30. april 2019 / Oslo, 30 April 2019 C Lars Knem Christie Snorre Valdimarsson

VPS GeneralMeeting

Total Represented

ISIN:	NO0010715139 SCATEC SOLAR ASA
General meeting date: 30/04/2019 10.00
Today:	30.04.2019

Number of persons with voting rights represented/attended : 12

	Number of shares % sc
Total shares	113,753,672
- own shares of the company	0
Total shares with voting rights	113,753,672
Represented by own shares	52,103,593	45.80 %
Represented by advance vote	15,325	0.01 %
Sum own shares	52,118,918	45.82 %
Represented by proxy	3,662,592	3.22 %
Represented by voting instruction	13,340,001	11.73 %
Sum proxy shares	17,002,593	14.95 %
Total represented with voting rights	69,121,511	60.76 %
Total represented by share capital	69,121,511	60.76 %

Registrar for the company:

Signature company:

NORDEA BANK ABP, FILIAL NORGE

SCATEC SOLAR ASA

ﻳﻨﺴﺘﻘﺒﺔ ﻭﺍﻟﺘﻌﻠﻴﻘﺎﺕ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﺤﺪﺓ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟﻤﺘﻮﻗﻒ ﺍﻟ

,消防

Attendance List Attendance SCATEC SOLAR ASA 30/04/2019

Ref no	First Name	Company/Last name	Repr. by	Participant	Share	Own	Proxy	Proxy votes	Total	% sc	% registered	% represented	instruction Voting
					Ordinaar	15,325	0	0	15,325	0.01 %	0.02 %	0.02 %
18	Andersen John	Chairman of the Board		Proxy Solicitor	Ordinaar	0	16,421	13,340,001	13,356,422	11.74 %	19.31 %	19.32 %	FFFFFMFFFF EFFEFFE
26		SCATEC AS	ANDERSEN JOHN	Share Holder	Ordinaar	19,482,339	0	0	19,482,339	17.13 %	28.17 %	28.19 %
34		FERD AS	Nicolay Mylen	Share Holder	Ordinær	13 411 182	0	O	13,411,182	11.79 %	19.39 %	19.40 %
42		EQUINOR ASA	Vilde Godø Aronsen	Share Holder	Ordinær	11,020,000	0	0	11,020,000	9.69 %	15.93 %	15.94 %
રેત્વે		FOLKETRYG DFONDET	Ole Jakob Hundstad	Share Holder	Ordinaer	8,157,989	0	0	8,157,989	7.17 %	11.80 %	11.80 %
2048		THJØMØEKR ANEN AS	Mari Thjøme	Share Holder	Ordinær	27,338	0	0	27,338	0.02 %	0.04 %	0.04 %
850a	NILS	ARHUS		Share Holder	Ordinær	3.050	0	0	3,050	0.00 %	0.00 %	0.00 %
18101	INGE	STEENSLAN 0		Share Holder	Ordinaer	1,095	0	0	1,095	0.00 %	0.00 %	0.00 %
31567	CHRISTIAN PER-	ENDSJØ		Share Holder	Ordinær	500	0	0	500	0.00 %	0.00 %	0.00 %
52092	ODD	GOGSTAD		Share Holder	Ordinær	100	0	0	100	0.00 %	0.00 %	0.00 %
74070	Nils	Arhus		Proxy Solicitor	Ordinær	0	1.040	0	1,040	0.00 %	0.00 %	0.00 %
78386	Alf Inge	Gjerde		Praxy Solicitor	Ordinaer	0	3,645,131	O	3,645,131	3.20 %	5.27 %	5.27 %

• 1

ISIN:		NO0010715139 SCATEC SOLAR ASA
		Generalforsamlingsdato: 30.04.2019 10.00
Dagens dato:	30.04.2019
Aksjekiasse	For	Mot	Avstår	Avgitte		Ikke avgitt Stemmeberettigede representerte aksjer
Sak 3 Election of chairman of the meeting and a person to co-sign the minutes
Ordinær	69 121 511	0	0	69 121 511	0	69 121 511
% avgitte stemmer	100,00 %	0,00 %	0,00 %
% representert AK	100,00 %	0,00 %	0,00 %	100,00 %	0,00 %
% total AK	60,76 %	0,00 %	0,00 %	60,76 %	0.00 %
Totalt	69 121 511	0	O	69 121 511	0	69 121 511
Sak 4 Approval of notice and agenda
Ordinær	69 121 511	0	O	69 121 511	0	69 121 511
% avgitte stemmer	100,00 %	0,00 %	0,00 %
% representert AK	100,00 %	0.00 %	0,00 %	100,00 %	0,00 %
% total AK	60,76 %	0,00 %	0,00 %	60,76 %	0,00 %
Totalt	69 121 511	0	0	69 121 511	0	69 121 511
Sak 6 Approval of the annual accounts and annual report for the financial year 2018
Ordinaer	69 121 59	0	0	69 121 511	0	69 121 511
% avgitte stemmer	100,00 %	0,00 %	0,00 %
% representert AK	100,00 %	0,00 %	0,00 %	100,00 %	0,00 %
% total AK	60,76 %	0,00 %	0.00 %	60,76 %	0,00 %
Totalt	69 121 511	0	O	69 121 511	0	69 121 511
Sak & Approval of distribution of dividends
Ordinær	69 121 511	0	0	69 121 511	0	69 121 511
% avgitte stemmer	100,00 %	0,00 %	0,00 %
% representert AK % total AK	100,00 %	0,00 %	0,00 %	100,00 %	0,00 %
Totalt	60,76 % 69 121 511	0,00 % O	0,00 %	60,76 %	0.00 %
Sak 9 Approval of the declaration on salaries and other remuneration for senior management			O	69 121 511	0	69 121 511
Ordinær	66 428 687	2 688 624	4 200	69 121 511	0	69 121 511
% avgitte stemmer	96,10 %	3,89 %	0,01 %
% representert AK	96,10 %	3,89 %	0,01 %	100,00 %	0,00 %
% total AK	58,40 %	2,36 %	0,00 %	60,76 %	0,00 %
Totalt	66 428 687	2 688 624	4 200	69 121 511	0	69 121 511
Sak 9.1 Advisory vote is held for precatory guidelines
Ordinaer	68 516 465	574 092	30 954	69 121 511	0	69 121 511
% avgitte stemmer	99,13 %	0,83 %	0,05 %
% representert AK	99,13 %	0,83 %	0,05 %	100,00 %	0,00 %
% total AK	60,23 %	0,51 %	0,03 %	60,76 %	0,00 %
Totalt	68 516 465	574 092	30 954	69 121 511	0	69 121 511
Sak 9.2 Approval of binding guidelines
Ordinær	66 428 687	2 688 622	4 202	69 121 511	0	69 121 511
% avgitte stemmer	96.10 %	3,89 %	0.01 %
% representert AK	96,10 %	3,89 %	0,01 %	100,00 %	0.00 %
% total AK	58,40 %	2,36 %	0,00 %	60,76 %	0,00 %
Totalt	66 428 687	2 688 622	4 202	69 121 511	0	69 121 511
Sak 10 Approval of proposed amendments to the instructions to the Nomination Committee
Ordinær	69 121 511	0	0	69 121 511	0	69 121 511
% avgitte stemmer	100,00 %	0,00 %	0,00 %
% representert AK	100,00 %	0,00 %	0,00 %	100,00 %	0,00 %
% total AK Totalt	60,76 %	0,00 %	0,00 %	60,76 %	0,00 %
	69 121 511	0	0	69 121 511	0	69 121 511
Sak 11 Approval of remuneration to the Board of Directors Ordinær	69 115 209	6 002
% avgitte stemmer	99,99 %	0,01 %	300 0,00 %	69 121 511	0	69 121 511
% representert AK	99,99 %	0,01 %	0,00 %	100,00 %
% total AK	60,76 %	0,01 %	0,00 %		0,00 %
Totalt	69 115 209	6 002	300	60,76 % 69 121 511	0,00 % O	69 121 511
Sak 12 Election of Board members
Ordinær	66 504 093	1 891 737	725 681	69 121 511	0	69 121 511
% avgitte stemmer	96,21%	2,74 %	1,05 %
% representert AK	96,21 %	2,74 %	1,05 %	100,00 %	0,00 %
% total AK	58,46 %	1,66 %	0,64 %	60,76 %	0,00 %

Aksjeklasse	For	Mot	Avstår	Avgitte	Ikke avgitt	Stemmeberettigede representerte aksjer
Totalt				66 504 093 1 891 737 725 681 69 121 511	o	69 121 511
Sak 13 Approval of remuneration to the members of the Nomination Committee
Ordinær	69 121 211	0	300	69 121 511	0	69 121 511
% avgitte stemmer	100,00 %	0,00 %	0,00 %
% representert AK	100,00 %	0,00 %	0,00 %	100,00 %	0,00 %
% total AK	60,76 %	0,00 %	0,00 %	60,76 %	0,00 %
Totalt	69 121 211	0	300	69 121 511	0	69 121 511
Sak 14 Election of members of the nomination committee
Ordinær	68 395 830	0	725 681	69 121 511	0	69 121 511
% avgitte stemmer	98,95 %	0,00 %	1,05 %
% representert AK	98,95 %	0,00 %	1,05 %	100,00 %	0,00 %
% total AK	60,13 %	0,00 %	0,64 %	60,76 %	0,00 %
Totalt	68 395 830	O	725 681	69 121 511	0	69 121 511
Sak 15 Approval of remuneration to the Auditor Ordinær	67 855 250	1 265 961	300	69 121 511	0	69 121 511
% avgitte stemmer	98,17 %	1,83 %	0,00 %
% representert AK	98,17 %	1,83 %	0,00 %	100,00 %	0,00 %
% total AK	59,65 %	1,11%	0,00 %	60,76 %	0,00 %
Totalt	67 855 250	1 265 961	300	69 121 511	0	69 121 511
						Sak 16 Authorisation to the Board to purchase treasury shares in connection with acquisitions, mergers,
de-mergers or other transactions
Ordinær	65 188 213	3 933 298	0	69 121 511	0	69 121 511
% avgitte stemmer	94,31 %	5,69 %	0,00 %
% representert AK	94,31 %	5,69 %	0,00 %	100.00 %	0,00 %
% total AK	57,31 %	3,46 %	0,00 %	60,76 %	0,00 %
Totalt	65 188 213	3 933 298	0	69 121 511	0	69 121 511
Sak 17 Authorisation to the Board to purchase treasury shares in connection with the Companys
incentive programmes for employees Ordinær	65 003 015	4 118 496		69 121 511
% avgitte stemmer	94,04 %	5,96 %	0 0,00 %		0	69 121 511
% representert AK	94,04 %	5,96 %	0,00 %	100,00 %	0,00 %
% total AK	57,14 %	3,62 %	0,00 %	60.76 %	0,00 %
Totalt	65 003 015	4 118 496	0	69 121 511	0	69 121 511
Sak 18 Authorisation to the Board to purchase treasury shares for the purpose of investment or for
subsequent sale or deletion of such shares
Ordinær	62 915 395	6 206 116	0	69 121 511	0	69 121 511
% avgitte stemmer	91,02 %	8,98 %	0,00 %
% representert AK	91,02 %	8,98 %	0,00 %	100,00 %	0,00 %
% total AK	55,31%	5,46 %	0.00 %	60,76 %	0.00 %
Totalt	62 915 395	6 206 116	0	69 121 511	O	69 121 511
						Sak 19 Authorisation to the Board to increase the share capital of the Company for strengthening of the
Companys equity and issue of consideration Ordinær	69 094 207	27 304	0	69 121 511	0	69 121 511
% avgitte stemmer	99,96 %	0,04 %	0,00 %
% representert AK	99,96 %	0,04 %	0,00 %	100,00 %	0,00 %
% total AK	60,74 %	0,02 %	0,00 %	60,76 %	0.00 %
Totalt	69 094 207	27 304	O	69 121 511	O	69 121 511
Sak 20 Authorisation to the Board to increase the share capital of the Company in connection with the
Companys incentive programmes for employees
Ordinær	66 691 211	2 430 300	O	69 121 511	0	69 121 511
% avgitte stemmer	96,48 %	3,52 %	0,00 %
% representert AK	96,48 %	3,52 %	0.00 %	100,00 %	0,00 %
% total AK	58,63 %	2,14 %	0,00 %	60.76 %	0,00 %
Totalt	66 691 211 2 430 300		O	69 121 511	O	69 121 511

Kontofører for selskapet:

For selskapet:

NORDEA BANK ABP, FILIAL NORGE

SCATEC SOLAR ASA

0

Aksjeinformasjon Navn Totalt antall aksjer Pålydende Aksjekapital Stemmerett Sum:

Navn Totalt antall aksjer Pålydende Aksjekapital Stemmerett Ordinær | Sum:

§ 5-17 Alminnelig flertallskrav

krever flertall av de avgitte stemmer

§ 5-18 Vedtektsendring
krever tilslutning fra minst to tredeler så vel av de avgitte stemmer
som av den aksjekapital som er representert på generalforsamlingen

INSTRUCTIONS FOR THE NOMINATION COMMITTEE

SCATEC SOLAR ASA

(Adopted by the general meeting on 30 April 2019)

1. Purpose

• 1.1 The nomination committee is a preparatory and advisory committee for the general meeting of Scatec Solar ASA (the "Company") and is regulated by section 8 of the Company's articles of association.
• 1.2 The purpose of these instructions is to provide rules for the work and administrative procedures of the nomination committee.
• 1.3 The nomination committee shall review and evaluate the content of these instructions at least annually, and any proposed amendments shall be presented to the general meeting for approval.

Mandate 2.

• 2.1 The nomination committee shall propose candidates for members (and deputy members, if deemed practical) for election to the Company's board of directors (the "Board"). The chairman of the Board shall be nominated separately.
• 2.2 The nomination committee shall propose candidates for members of the nomination committee. The chairman of the nomination committee shall be nominated separately.
• 2.3 The nomination committee shall propose remuneration to the members (and deputy members of the Board, if any) including remuneration for participation in board committees.
• 2.4 The nomination committee shall monitor the need for any changes in the composition of the Board and maintain contacts with shareholder groups, members of the Board and the executive management.
• 2.5 The nomination committee shall make an annual evaluation of the Board's work in connection with the Board's self-evaluation.

3. Composition of the nomination committee

• 3.1 The nomination committee shall consist of two or three members. The majority of the members should be independent of the Board and executive management.
• 3.2 The members of the nomination committee, including the chairman of the nomination committee, are elected by the general meeting for either a term of one or two years, as to ensure continuity whereby not all members are up for election at the same time. Remuneration to the members of the nomination committee is determined by the general meeting.
• 3.3 Members of the nomination committee may be removed at any time without cause by the affirmative vote of a majority of the general meeting.

4. Guidelines for the work of the nomination committee

• 4.1 In carrying out its work, the nomination committee should actively seek to represent the views of shareholders in general, and should ensure that its recommendations are endorsed by the largest shareholders.
• 4.2 In order to secure that its recommendations have support, the nomination committee should have contact with shareholders, the Board and the Company's executive personnel as part of its work on proposing candidates for election to the board.
• 4.3 The nomination committee should pay attention to the Board's report on its own performance.
• 4.4 The nomination committee and the Company shall cooperate in order to provide suitable arrangements for shareholders to submit proposals to the committee for clection.
• 4.5 In proposing candidates for members (and deputy members if deemed practical) for election to the Board, the nomination committee shall take into account that:
  • the composition of the Board should ensure that the Board: (a)
    • (i) can attend to the common interests of all shareholders;
    • (ii) meets the Company's need for expertise, capacity and diversity;
    • (iii) can function effectively as a collegiate body; and
    • (iv) can operate independently of any special interests;
  • (b) the majority of the members of the Board should be independent of the executive management and material business contacts;
  • (c) at least two of the members of the Board should be independent of the main shareholder(s); and
  • (d) the Board should not include members of the executive management.

ப The nomination committee's recommendation

• 5.1 The nomination committee's recommendation shall provide a justification of how its proposals take into account the interests of shareholders in general and the Company's requirements. The justification should include information on each candidate's competence, capacity and independence, including inter alia:
  • (a) age, education and business experience;
  • (b) any ownership interests in the Company;
  • (c) any assignments carried out for the Company;
  • (d) material appointments with and assignments for other companies and organizations; and
  • (e) (if relevant) how long the candidate has been a member of the Board or nomination committee and his/her record in respect of attendance at proceedings of the Board or nomination committee.

The recommendation should also include a statement that the proposed board fulfils all formalities, such as the requirements in the Company's articles of association and the statutory requirements set out in Chapter 6 of the Norwegian Public Limited Liability Companies Act with respect to the number of directors, residence requirements, gender representation and the qualification requirement regarding the audit committee.

• 5.2 When reporting its recommendation to the general meeting, the nomination committee shall also provide an account on how it has carried out its work.
• 5.3 The nomination committee shall endeavour to have its recommendation finalised at least 21 days prior to the general meeting, in order for the recommendation to be communicated to the shareholders simultaneously with the notice to the general meeting.

6. Rules of procedure for the nomination committee

• 6.1 The nomination committee may only discuss issues and produce recommendations to the general meeting if at least two thirds of the members of the nomination committee are taking part in the committee's proceedings.
• 6.2 Proceedings of the nomination committee shall be held upon request from one of the members of the nomination committee. Proceedings shall in any event be held prior to general meetings where the agenda comprises election of directors to the Board or remuneration to the directors of the Board or members of the nomination committee. The nomination committee shall obtain an updated shareholder register prior to any of its proceedings.
• 6.3 The nomination committee may request information from the executive management, the Board and the shareholders which is deemed relevant in order for the nomination committee to carry out its tasks. The nomination committee may seek advice and recommendations from sources outside the Company, subject to appropriate confidentiality. The Company shall cover the costs of the nomination committee.
• 6.4 Minutes from proceedings of the nomination committee shall be kept and signed by the members of the nomination committee. The chairman of the Board may request that the minutes are submitted to him/her for review.

7. Miscellaneous

• 7.1 The names of the members of the nomination committee shall be available on the Company's website www.scatecsolar.com.
• 7.2 Information about any deadlines and procedures for submitting proposals for candidates for election to the Board or nomination committee should, in good time, be made available on the Company's website.

8. Remuneration

8.1 The ordinary general meeting of the Company shall determine the remuneration of the members of the nomination committee

***