Scatec ASA: New CEO granted 10,000 options

Oslo, 28 March 2022: Reference is made to today's stock exchange announcement that Terje Pilskog has been appointed CEO of Scatec ASA. In accordance with the terms of the share-based programme for leading employees and reflective of the increase in his base salary, he has been granted an additional 10,000 options. Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 134.53 per share based on the volume weighted average share price over the ten last trading days preceding the grant date of 28 March 2022. The options will lapse if not exercised by 1 January 2026. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2023. For further information, please contact: Andreas Austrell, VP Investor Relations tel: +47 974 38 686, email: andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com) About Scatec: Scatec is a leading provider of renewable energy solutions, that is accelerating access to reliable and affordable clean energy in high growth markets. As a long- term player, we develop, build, own and operate renewable energy plants which currently have 3.5 GW of installed capacity in four continents. We are targeting 15 GW renewable capacity to be in operation or under construction by the end of 2025, delivered by our 600 passionate employees who are driven by a common vision: 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 (https://www.globenewswire.com/Tracker?data=5tDg6Bex5PFL7Uk1_4N06XXNan4sCrhXcCJv c9_eN3iDgu4lF0xc2uk819F9KhtWmfJqJch6KtAMmtQI91985A==) or connect with us on Linkedin (https://www.globenewswire.com/Tracker?data=dQB- yIoo94o7wLEoeO01wk2Ta3NcwxZFlxW44qEzKAmCN1tj9puocnzqsMeVdtmoj9gwNfx5tXehQZEFqexW Sp2b8yW0e6qRd_aTfUXdAVCNLvw2j4FC6ep1cahN57TnaabkvbylYct3h63nDPG_9ZT4poLGDeR6bXH- MU4c1o927-RBhKtFPJwRZ4THdUwYsLaKXqHG39AT6WxSOv9ornhlGJPefhy-1nXc1azPrZRZTMi- gtlfHYXMLNLrE8LVoMbZ- kE0WAC22oWJCGRXTaWcRTCeBvKdqSea63ldVoTuDFRUMrSQInMxVRSgRIed8N0HeXJv8Fe3rmlP9o5E3 VAEPqmiEVt2Pys9bWDI6BcYYWiTmUx0zZxyDzfjC4wZFa4OFfqQdCgENTJkYi6HTiHl1Jr7ndNr9zzUL Sru6yLIBEr6e_Qdz6dAqqs4R_VG35qHE2ImIdEtHRRAag1qULGdRvQK0H6wzzM2NwSjPgjBH0ZhjLdHO eoJff0a5vw6UvaW-Q5GVOLGvKrLIb- 0kec2G133xPhxajJ91l4L2fNmeiccM1xhS4S9rwnpatwvy9LExIu-4qYVkMRHBUJu1qC055Eub0iAiQs dFMlFzTJK2IQ7Oof8gKH- LXXoA3RYwVM9x30bQAEmybCU5YiWRJoUHjp5aPTgT65PQdNS7UtXZqmkGfhSOm03CBI0__GxzTKPTKyd euyHFFQ94SoZUzQO5V1EUDz0aIQdhQBdPPvUeEcWl3DKWr9RdVuu4pPiKpe1WOqsAGZ_Lv62G8PNp0W4 sffz-VtYeVS-s2qLO0g2Fg-yZVenXAZxOHfcBL-uJRB2IHakWgCjvK2pCq- X3YTNB3z1hGgyHvSOYQ1ts6NFPzNQZfW9DgBt2jui8YP9qrLyZzFtqEhPlIlkHY9fM9P__EhC8kAqFwd WuLWriDA9L8YhE-RwcromxH4Ved7KWl8Z_5neuFVo6- 1bcTeKPJSrM3m3GKBUjDvQGIOYoQ7Nr3Q6ERO-5afxBiD0u98tibY-IDsDf7xl_U4y6_6duw==). This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading act.