Scatec ASA

Related Party Transaction • May 18, 2020

Scatec Solar ASA: Participation of primary insider in private placement

Scatec Solar ASA: Participation of primary insider in private placement

Oslo, 19 May 2020: Reference is made to the stock exchange announcement

published by Scatec Solar ASA ("SSO" or the "Company", ticker code "SSO") on 18

May 2020 regarding a private placement of the Company's shares (the "Private

Placement").

Argentos AS, a company owned 100% by Raymond Carlsen, CEO of Scatec Solar, was

allocated 30,487 shares. Total holding for Raymond Carlsen (directly and through

Argentos AS) after the transaction is 3,018,334 shares and 108,637 share

options.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act