Scatec appoints Hans Jakob Hegge as new Chief Financial Officer

12 Dec 2022 08:00 CET

Oslo, 12 December 2022: Scatec ASA, a leading renewable energy provider in
emerging markets, today named Hans Jakob Hegge as the company's Chief Financial
Officer. He will succeed Mikkel Tørud, who will step into his new role as EVP
Green Hydrogen and Middle East and North Africa region.

Hegge will take on the new role as of March 1, 2023.

Since 2021, Hegge has held the position as CFO in Moreld, an industrial group
established in 2019 by Norwegian private equity investor HitecVision. Before
that, Hegge spent 25 years working with Equinor ASA, both in Norway and
internationally in senior leadership positions, most recently as Country Manager
for the USA and before that as CFO in the period 2015-2018.

"I am excited that Hans Jakob Hegge will join Scatec's management team and take
on the position as our new CFO. Hegge has extensive experience from senior
leadership positions from both finance and operations, roles that are well
suited for Scatec's growth journey. He will be a solid addition to our
management team, supporting our growth ambitions and strategy to develop, own,
and operate renewable energy and green hydrogen across our focus markets," says
Scatec CEO Terje Pilskog.

"I would like to thank and congratulate Mikkel for his invaluable leadership
role as CFO over the past eight years. I am looking forward to continuing
working closely with Mikkel in his new role," adds Pilskog.

"I very much look forward to being a part of Scatec's new management team.
Working in the largest renewables company listed on the Oslo stock exchange is
exciting and I am eager to contribute to the growth journey the company has
started on", says Hans Jakob Hegge.

For further information, please contact:
For analysts and investors: Andreas Austrell, VP Investor Relations, tel:
+47 974 38 686, andreas.austrell@scatec.com
(https://www.globenewswire.com/Tracker?data=leIY9nJZCUYX3MsXJUJdNW3hcrUfYkDc03xQ
csyOz8vG4WWrwD8JiXsLSQpFox1gsFJxqL18Y014d1Dm9-
Jl30ntrCGJDaqQa79WfFE4zGjKnDGDDgbXcUvtO_vQuLw5)
For media: Meera Bhatia, SVP Communications & Government Affairs, tel:
+47 468 449 59, meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)


About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy in 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 700 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://www.globenewswire.com/Tracker?data=179Qnpbbb5pkAonK4yqj6UDzrNDzcX-
XgowIzrpfHprBCXKru2alttc2Ku8VB8yjKDvKICXl1bfjBZP71Uf2MQ==) or connect with us
on LinkedIn
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This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Kine Aaltvedt, Communication &
IR Coordinator at Scatec ASA, on 12 December 2022 at 08:00 CET

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