Scatec ASA: Employee Share Purchase Programme 2024

03 Jun 2024 08:00 CEST

Oslo, 3 June 2024: Scatec is continuing its Employee Share Purchase Programme
established in 2019. The participants are offered to purchase shares with a
subscription value of between NOK 18,490 and NOK 99,223. Employees are offered a
price reduction of 25 percent of the subscription value in exchange for the
shares being subject to a two-year lock-up period.

The subscription period will run from 3 June to 10 June 2024. The price per
share will be based on the average volume-weighted share price on the Oslo Stock
Exchange from and including 3 June to 10 June 2024. The allocation of shares
will take place on 18 June 2024.

DNB will on behalf of the Company purchase Scatec ASA shares in the open market
for onwards sale to participants under the programme.

For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com (mailto:ir@scatec.com)

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 Section
5-12 the Norwegian Securities Trading Act

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