Scatec ASA: Employee Share Purchase Programme 2024

10 Jun 2024 18:40 CEST

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, 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 the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading act.

More information:
Access the news on Oslo Bors NewsWeb site

621119_Overview of subscription by primary insiders - 10062024.pdf