Scatec ASA - Share Issue/Capital Change 2024

Scatec ASA: Employee Share Purchase Programme 2024

10 June 2024: As announced on 3 June 2024, Scatec offered participants the

opportunity to purchase shares with a trading value of between NOK 18,490 and

NOK 99,223. The subscription period was from 3 June to 10 June 2024. The price

per share has been set at NOK 86.1741, based on the average volume-weighted

share price on the Oslo Stock Exchange from and including 3 June to 10 June

2024. In total, employees have subscribed for 50,162 shares under the share

purchase programme. The allocation of shares is expected to take place on 18

June 2024 with delivery to employees on or about 19 June 2024.

See attachment for an overview of the primary insiders who have subscribed for

shares in Scatec ASA as per end of the subscription period, including the number

of shares to be allocated to the primary insiders, as well as the notification

of the transactions in accordance with the Market Abuse Regulation Article 19.

For further information, please contact:

Andreas Austrell, VP Investor Relations, [email protected] (mailto:[email protected])

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 the

Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities

Trading act.

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