28 April 2020: Scatec Solar is continuing its Employee Share Purchase Programme established in 2019. The participants are offered to purchase shares with a subscription value of between NOK 19,661 and NOK 78,644. Employees are offered a general discount of NOK 3,000 on their total share purchase. In addition, a price reduction of 20 percent of the subscription value will apply in exchange for the shares being subject to a two-year lock-up period.

The subscription period will run from 8 May to 15 May 2020. The price per share will be based on the average volume-weighted share price on the Oslo Stock Exchange from and including 11 May to 15 May 2020. The shares will be allocated to participants on or about 10 June 2020.

Nordea Bank Abp, filial in Norway will on behalf of the Company purchase Scatec Solar ASA shares in the open market for onwards sale to participants under the programme.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364
email: 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