Scatec ASA

Share Issue/Capital Change • Feb 4, 2021

Scatec ASA - Share capital increase registered with the Norwegian Register of Business Enterprises

Scatec ASA - Share capital increase registered with the Norwegian Register of Business Enterprises

Oslo, 4 February 2021: Reference is made to the stock exchange announcement by

Scatec ASA ("Scatec") published 3 February 2021 regarding a share capital

increase following an exercise of employee share options.

The issuance of 528,351 new shares has been registered with the Norwegian

Register of Business Enterprises. Following registration, the share capital of

Scatec is NOK 3,971,600.45 divided on 158,864,018 shares, each with a nominal

value of NOK 0.025. Each share represents one vote in the company's General

Meeting.

For further information, please contact:

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

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

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. The company

recently acquired SN Power, a leading hydro power developer and IPP. In first

half of 2021, Scatec will have a total of 3.3 GW in operation on four continents

and 485 employees. 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