Scatec ASA

Remuneration Information • Jan 3, 2019

Scatec Solar ASA: Long term incentive programme

Scatec Solar ASA: Long term incentive programme

Oslo, 3 January 2019: In line with the terms adopted by the annual general

meeting of Scatec Solar ASA in 2018, the Board of Directors continue to

implement the share-based incentive programme for leading employees of the

company. Yesterday, a total of 494,510 options were granted to leading

employees, including the following primary insiders:

Raymond Carlsen, CEO: 52,445

Mikkel Tørud, CFO: 38,477

Torstein Berntsen, EVP Power Production & Asset Management: 31,764

Pål Helsing, EVP Solutions: 32,131

Roar Haugland, EVP Sustainable Business & HSSE: 29,887

Terje Pilskog, EVP Project Development & Project Finance: 33,495

Snorre Valdimarsson, EVP General Counsel: 30,180

Toril Haaland, EVP People & Organisation: 27,288

Each share option gives the right to subscribe for and be allotted one share in

Scatec Solar ASA. The strike price of the options is set to NOK 72.03 per share

based on the volume weighted average share price over the last 10 trading days

preceding the grant date of 2 January 2019. The options will lapse if not

exercised by 1 January 2023. The option grant is divided into three tranches

whereby 1/3 vests each year over three years, with the first tranche vesting 1

January 2020. The current grant is the last of three contemplated annual grants

of share options in accordance with Scatec Solar's share-based incentive

programme.

Attached is an overview of the primary insiders' total numbers of share options.

For further information, please contact:

Mikkel Tørud, CFO tel: +47 976 99 144 mikkel.torud@scatecsolar.com

(mailto:mikkel.torud@scatecsolar.com)

Ingrid Aarsnes, VP Communication & IR tel: +47 950 38 364

ingrid.aarsnes@scatecsolar.com (mailto:ingrid.aarsnes@scatecsolar.com)

About Scatec Solar

Scatec Solar is an integrated independent solar power producer, delivering

affordable, rapidly deployable and sustainable clean energy worldwide. A long-

term player, Scatec Solar develops, builds, owns, operates and maintains solar

power plants and has an installation track record of more than 1 GW. The company

has a total of 1.6 GW in operation and under construction in Argentina, Brazil,

the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South

Africa and Ukraine.

With an established global presence and a significant project pipeline, the

company is targeting a capacity of 3.5 GW in operation and under construction by

end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the

Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit

www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

Attachment

* Overview of primary insiders share options (https://ml-

eu.globenewswire.com/Resource/Download/20178c01-4ce1-476d-a5e0-f5aee362cfc6)