Mandatory notification of trade – Share Purchase Programme

27 May 2020: Nordea Markets has on 27 May 2020, on behalf of Scatec Solar ASA, purchased 1,248 Scatec Solar ASA shares at an average price of NOK 171.3436 per share. The shares were bought in connection with the Company’s Share Purchase Programme for employees. Following the transaction, Scatec Solar ASA holds a total of 28,137 own shares.

For further information, please contact:

Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364
email: ingrid.aarsnes@scatecsolar.com (mailto: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 1.6 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