Scatec ASA: Long term incentive programme

03 Jan 2025 08:00 CET

Oslo, 3 January 2025: In line with the terms adopted by the Annual General
Meeting of Scatec ASA in 2022, the Board of Directors continue the share-based
incentive programme for leading employees of the company, following the same
principles as previous years. Today, a total of 1,516,378 share options were
granted to leading employees, including the following primary insiders:

Terje Pilskog, CEO: 63,250

Hans Jakob Hegge, CFO: 56,574

Mohamed Amer, EVP Green Hydrogen & Egypt: 37,451

Eliseo Ana, EVP Asia: 44,192

Alberto Gambacorta, GM Sub-Saharan Africa: 19,060

Roar Haugland, EVP People, Sustainability & Digitalisation: 36,733

Pål Helsing, EVP Operations: 44,451

Ann-Mari Lillejord, EVP Latin America & Europe: 37,880

Siobhan Minnaar, EVP General Counsel: 34,358

Karianne Kristiansen, SVP People & Organisation: 17,626

Andreas Austrell, VP Investor Relations: 14,955

Each share option gives the right to subscribe for and be allotted one share in
Scatec ASA. The strike price of the options is set to NOK 78.66 per share based
on the volume weighted average share price over the ten last trading days
preceding the grant date of 3 January 2025. The options will lapse if not
exercised by 1 January 2030. The option grant is divided into three tranches
whereby 1/3 vests each year over three years, with the first tranche vesting 1
January 2026. The current grant is the third of three contemplated annual grants
of share options in accordance with Scatec's share-based incentive programme.

Attached is the notification of the transactions in accordance with the Market
Abuse Regulation Article 19, and an overview of the primary insiders' total
number of shares and share options.

For further information, please contact:

Andreas Austrell, VP Investor Relations tel: +47 974 38 686, email:
andreas.austrell@scatec.com

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 5 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

More information:
Access the news on Oslo Bors NewsWeb site

635914_Notifications of transactions.pdf
635914_Overview of shares and share options primary insiders.pdf