Scatec ASA

Capital/Financing Update • Feb 4, 2021

Scatec ASA - Fixed income investor calls

Scatec ASA - Fixed income investor calls

4 February 2021: Scatec ASA ("Scatec") has mandated DNB Markets, Nordea,

Swedbank and SpareBank 1 Markets to arrange a series of fixed income investor

calls commencing Monday, 8 February 2021. A EUR denominated senior unsecured

green bond issue with a 4.5-year maturity may follow, subject to inter alia

market conditions. Subject to the completion of the contemplated bond issue,

Scatec will exercise the call option for the early redemption of its outstanding

NOK 750 million bond (SSO02 ESG) with maturity in November 2021.

For further information, please contact:

Mikkel Tørud, CFO, tel: +47 976 99 144, ir@scatec.com (mailto:ir@scatec.com)

About Scatec ASA:

Scatec is a leading renewable power producer, delivering affordable and clean

energy worldwide. As a long- term player, Scatec develops, builds, owns and

operates solar, wind and hydro power plants and storage solutions. The company

recently acquired SN Power, a leading hydro power developer and IPP. In 2021,

Scatec will have a total of 3.3 GW in operation on four continents and 485

employees. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock

Exchange under the ticker symbol 'SCATC'. To learn more, visit www.scatec.com

(http://www.scatec.com), or connect with us on Linkedin

(https://www.globenewswire.com/Tracker?data=x-

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act