Scatec ASA - Capital/Financing Update 2024

Scatec ASA - Successful placement of NOK 1,750 million senior unsecured green bonds

Oslo, 31 January 2024: Scatec ASA ("Scatec") has successfully issued NOK 1,750

million in a 4-year senior unsecured bond issue with a coupon of 3 months NIBOR

+ 4.25% p.a. with quarterly interest payments. The net proceeds from the bond

issue will be applied towards eligible activities as set out in the Green

Financing Framework, including partial buy-back of outstanding bonds with ticker

"SCATC03 ESG" (ISIN NO0010931181).

DNB Markets, Nordea and SpareBank 1 Markets acted as Joint Lead Managers in

connection with the placement of the new bond issue. An application will be made

for the bonds to be listed on Oslo Børs.

For further information, please contact:

Andreas Austrell, VP IR, tel: +47 974 38 686

About Scatec

Scatec is a leading renewable energy solutions provider, accelerating access to

reliable and affordable clean energy emerging markets. As a long-term player, we

develop, build, own, and operate renewable energy plants, with 4.2 GW in

operation and under construction across four continents today. We are committed

to grow our renewable energy capacity, delivered by our passionate employees and

partners who are driven by a common vision of 'Improving our Future'. 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

(https://scatec.com/) or connect with us on LinkedIn

(https://www.linkedin.com/company/scatec).

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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