Scatec Solar ASA: Share capital increase registered with the Norwegian Register of Business Enterprises

Oslo, 30 September 2019: Reference is made to the stock exchange announcement published by Scatec Solar ASA ("SSO" or the "Company", ticker code "SSO ") on 25 September 2019, where the Company announced that the Board of Directors of the Company had resolved to increase the Company's share capital through a private placement following  an accelerated book building process.

On 30 September 2019, the Company has issued 11,375,000 new shares (the "Private Placement Shares"), which were allocated in the private placement. The Private Placement Shares have been issued on the Company's existing ISIN NO0010809684 and admitted to trading on Oslo Stock Exchange as of today.  The share capital increase has also been registered with the Norwegian Register of Business Enterprises. As a result of the share capital increase, the Company has 125,128,672 shares in issue, each with a par value of NOK 0.025.

For further information, please contact:
Mikkel Tørud, CFO
Tel: +47 976 99 144
mikkel.torud@scatecsolar.com

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

About Scatec Solar ASA:
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 1.3 GW. The company has a total of 1.9 GW in operation and under construction on four continents.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 4.5 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