Scatec ASA: Long term incentive programme

Oslo, 3 January 2025: In line with the terms adopted by the Annual General Meeting of Scatec ASA in 2022, the Board of Directors continue the share-based incentive programme for leading employees of the company, following the same principles as previous years. Today, a total of 1,516,378 share options were granted to leading employees, including the following primary insiders: Terje Pilskog, CEO: 63,250 Hans Jakob Hegge, CFO: 56,574 Mohamed Amer, EVP Green Hydrogen & Egypt: 37,451 Eliseo Ana, EVP Asia: 44,192 Alberto Gambacorta, GM Sub-Saharan Africa: 19,060 Roar Haugland, EVP People, Sustainability & Digitalisation: 36,733 Pål Helsing, EVP Operations: 44,451 Ann-Mari Lillejord, EVP Latin America & Europe: 37,880 Siobhan Minnaar, EVP General Counsel: 34,358 Karianne Kristiansen, SVP People & Organisation: 17,626 Andreas Austrell, VP Investor Relations: 14,955 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 78.66 per share based on the volume weighted average share price over the ten last trading days preceding the grant date of 3 January 2025. The options will lapse if not exercised by 1 January 2030. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2026. The current grant is the third of three contemplated annual grants of share options in accordance with Scatec's share-based incentive programme. Attached is the notification of the transactions in accordance with the Market Abuse Regulation Article 19, and an overview of the primary insiders' total number of shares and share options. For further information, please contact: Andreas Austrell, VP Investor Relations tel: +47 974 38 686, email: andreas.austrell@scatec.com Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 5 GW in operation and under construction across four continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of '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://scatec.com/)?or connect with us on?LinkedIn (https://www.linkedin.com/company/scatec).? This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act