Scatec Solar ASA: Share Purchase Programme for employees

1 March 2019: Scatec Solar is establishing an Employee Share Purchase Programme

The participants are offered to purchase shares with a subscription value of between NOK 15,000 and NOK 76,250. Employees are offered a general discount of NOK 3,000 on their total share purchase. In addition, a price reduction of 20 percent of the subscription value will apply in exchange for the shares being subject to a two-year lock-up period.

The subscription period will run from 7 March to 13 March 2019. The price per share will be based on the average volume-weighted share price on the Oslo Stock Exchange from 18 March to 22 March 2019. The shares will be allocated to participants on or about 25 March 2019.

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

For further information, please contact:

Ingrid Aarsnes, VP Communication & IR
Tel: +47 950 38 364, Ingrid.aarsnes@scatecsolar.com

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.7 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SSO’. To learn more, visit www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act