Exercise of employee share options and share capital increase

13 Feb 2026 13:08 CET

Oslo, 13 February 2026: Reference is made to Scatec's previous disclosures
regarding its long-term incentive programmes for leading employees.

A total of 1,734,411 employee share options, granted and accumulated under the
2023, 2024 and 2025 option programmes, have today been exercised, and Scatec's
board of directors has consequently resolved to issue 1,000,000 new shares.
The remaining 734,411 exercised options will be converted against a cash
consideration.

The following number of options were exercised by primary insiders and will be
converted against a cash consideration:

Terje Pilskog, CEO, has exercised 56,643 options
Hans Jakob Hegge, CFO, has exercised 67,516 options
Mohamed Amer, EVP Green Hydrogen & Egypt, has exercised 45,740 options
Alberto Gambacorta, EVP and GM for Sub-Saharan Africa, has exercised 18,122
options
Roar Haugland, EVP Asia and Sustainability, has exercised 65,755 options
Pål Helsing, EVP Operations, has exercised 76,369 options
Siobhan Minnaar, EVP General Counsel, has exercised 45,101 options
Andreas Austrell, SVP Investor Relations, has exercised 13,373 options

Notification of trades for the primary insiders in accordance with article 19
of the EU Market Abuse Regulation are attached with this announcement.

987,606 rights to receive shares resulting from the exercise of options have
been transferred to a third party and will be sold in the market as customary
for share option exercises.

The settlement amount for the options, in respect of the sale of shares and
the cash consideration, will be finally determined on the basis of the average
selling price of the shares obtained by the third party in the market.

Following completion of the share capital increase, the company's share
capital will be NOK 3,997,932 divided by 159,917,275 shares, each with a
nominal value of NOK 0.025, representing an increase of 0.629%.

For further information, please contact:
For analysts and investors:
Andreas Austrell, SVP Investor Relations
andreas.austrell@scatec.com
+47 974 38 686

For media:
Meera Bhatia, SVP External Affairs & Communications
meera.bhatia@scatec.com
+47 468 44 959

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, 13.02.2026 13:08 CET.

More information:
Access the news on Oslo Bors NewsWeb site

665837_Notifications Of Transaction.pdf
665837_Exercise of employee share options and share capital increase.pdf