Scatec ASA

Environmental & Social Information • Feb 28, 2022

Update on Scatec's operations in Ukraine

Update on Scatec's operations in Ukraine

Oslo, 28 February 2022: Scatec's main priority in this critical situation is the

safety of our employees.

Scatec has 66 employees and owns and operates five solar plants totalling 336 MW

in Ukraine. The power plants are located in the central and southern parts of

the country.

An emergency response organisation has been mobilised and is assisting our

Ukrainian employees in any way possible, including transportation and

accommodation and other immediate support.

"We are deeply concerned over the situation we see unfold in Ukraine. We are

doing everything we can to ensure the safety of Scatec's employees and this

remains our top priority in the days and weeks to come", says CEO Raymond

Carlsen.

The solar power plants are still intact and can be operated remotely, but none

are currently delivering power due to curtailment instructions issued by the

grid operator. In 2021, 6% of Scatec's power production revenues were generated

in Ukraine.

Scatec is monitoring the situation and is ready to deliver power when requested

by the Ukrainian authorities, but it is currently uncertain when delivery can be

resumed.

For further information, please contact:

Andreas Austrell, VP IR, tel: +47 974 38 86, andreas.austrell@scatec.com

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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. Scatec has

more than 3.5 GW in operation and under construction on four continents and more

than 600 employees. The company is targeting 15 GW capacity in operation or

under construction by the end of 2025. 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

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8hDZlWL4tt-bSyuIRBD6j0ykRJVk5C6fA9D-PVm1D-r6-uadWw==) or connect with us

on Linkedin

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act