Scatec ASA: Initiation of share buyback for Employee Share Purchase Programme

26 Jun 2025 17:00 CEST

Oslo, 26 June 2025: Scatec ASA ("Scatec" or the "Company") will initiate a
buyback of up to 68,533 of its own shares for a total maximum amount of NOK
9,600,000. The buyback programme may be carried out in the period from this
announcement and until 30 June 2025.

The purpose of the programme is to acquire shares that can be sold to employees
as part of the Company's Employee Share Purchase Programme as announced in the
stock exchange announcement published 16 June 2025 at 08.30 (CEST) in compliance
with the EU Market Abuse Regulation article 5, and as approved by the General
Meeting of the Company.

The Company has engaged DNB Bank ASA to carry out the buyback. The buybacks will
be made in accordance with the authorisation granted to the Board of Directors
by the Company's Annual General Meeting held on 24 April 2025. According to the
authorisation, up to 3,500,00 shares may be purchased at a minimum of NOK 1 and
a maximum of NOK 1,000 per share. The authorisation is valid until the Annual
General Meeting in 2026, however no later than 30 June 2026.

All acquisitions under the buyback programme will be executed on Euronext Oslo
Børs. The execution of any repurchases will depend on market conditions, the
buyback programme may be discontinued at any time and the Company may resolve to
terminate the buyback programme before the threshold set out above is reached.

Scatec does not hold any own shares as of the date of this announcement.

For further information, please contact:
Andreas Austrell, SVP IR
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
+47 974 38 686

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 6.2 GW in
operation and under construction across five 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 or connect with us on
LinkedIn.

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