Bergen, 21 August 2024: Option holders in Scana ASA's share option program have
today exercised 1,166,666 options. 

Primary insider Torvald Ulland Reiestad, Chief Financial Officer in Scana, has
exercised 666,666 options granted on 24 January 2022. The exercise price for the
share options is 1.42 per share. Following the transaction Torvald Ulland
Reiestad owns a total of 1,265,326 shares.

Primary insider Morten Riiser, VP Finance in Scana, has exercised 500,000
options granted on 24 January 2022. The exercise price for the share options is
1.42 per share. Following the transaction Morten Riiser owns a total of 500,000
shares.

The exercised options will be settled by issuance of new shares, increasing the
Company's share capital to NOK 453,559,566 divided into 453,559,566 shares. 

Please see attached transaction notifications for further details.

All exercised options have been granted in accordance with the company's share
option program. This information is subject to the disclosure requirements
pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the
Norwegian Securities Trading Act.

For more information, please contact:  
Anette Netteland Dybvik, Head of Investor Relations and Communication, +47 416
67 787


Scana in brief  
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no