Scatec ASA

Changes in Scatec's segment reporting structure effective as of 1 January 2024

Oslo, 5 April 2024: As announced in the fourth quarter 2023 financial report,

Scatec has reorganised its segment reporting structure from 1 January 2024. The

group's revenues and operating expenses from the Services segment are now

reported as part of the Power Production segment.

The merger of the two segments results in an increase of Power Production EBITDA

corresponding to the EBITDA previously reported in the Services segment.

External revenues from Services are now included in revenues in the Power

Production segment, and the net of internal revenues and operating expenses is

part of Power Production operating expenses. The estimated increase in Power

Production EBITDA for 2024 is 120-130 million, equalling the estimated outlook

for Services presented in the fourth quarter 2023 financial report.

Following the change, Scatec's segment structure consists of three segments:

Power Production, Development & Construction and Corporate.

The segment financials for 2023 have been restated with the new segment

reporting structure, which is attached and available on the Company's website

(https://scatec.com/investor/events-presentations/).

Scatec will publish its first quarter 2024 results on Tuesday 30 April 2024.

For further information, please contact:

Andreas Austrell, VP Investor Relations tel: +47 974 38 686, email:

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 4.6 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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