Scatec Solar ASA: Exercise of employee share options

Oslo, February 6, 2018: Reference is made to the stock exchange notice dated February 5, 2018 regarding exercise of employee share options.  

Upon option exercise, all primary insiders have at minimum utilized the after-tax gain from the option program to buy new shares. This implies that some shares are sold to fund the tax on the options gain before the net gain is utilized to purchase new shares. The payment per share has been determined based on a volume weighted average share price of NOK 43.5716.

Raymond Carlsen purchased 12,626 shares at a price of NOK 43.5716
Terje Pilskog purchased 8,459 shares at a price of NOK 43.5716
Roar Haugland has purchased 4,527 shares at a price of NOK 43.5716
Mikkel Tørud has purchased 5,500 shares at a price of NOK 43.5716
Torstein Berntsen has purchased 5,000 shares at a price of NOK 43.5716
Snorre Valdimarsson has purchased 4,527 shares at a price of NOK 43.5716

Primary insider holdings after exercising options, and completion of sales and purchases:

Raymond Carlsen holds (i) 2,768,386 shares in Scatec Solar through Argentos AS, (ii) 77,551 unexercised options at a strike price of NOK 28.86, (iii) 76,098 unexercised options at a strike price of NOK 48.43.

Terje Pilskog holds (i) 497,727 shares in Scatec Solar through Océmar AS, (ii) 51,959 unexercised options at a strike price of NOK 28.86, (iii) 48,601 unexercised options at a strike price of NOK 48.43.

Roar Haugland holds (i) 240,262 shares in Scatec Solar through Buzz Aldrin AS, (ii) 44,841 unexercised options at a strike price of NOK 28.86, (iii) 43,579 unexercised options at a strike price of NOK 48.43.

Mikkel Tørud holds (i) 283,940 shares in Scatec Solar, (ii) 59,686 unexercised options at a strike price of NOK 28.86, (iii) 55,831 unexercised options at a strike price of NOK 48.43.

Torstein Berntsen holds (i) 682,609 shares in Scatec Solar through Belito AS, (ii) 49,272 unexercised options at a strike price of NOK 28.86, (iii) 46,090 unexercised options at a strike price of NOK 48.43. Together with related parties, Berntsen holds a total of 683,504 shares in Scatec Solar.

Snorre Valdimarsson holds (i) 4,747 shares in Scatec Solar, (ii) 44,841 unexercised options at a strike price of NOK 28.86, (iii) 43,579 unexercised options at a strike price of NOK 48.43.

For further information, please contact:

Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, mikkel.torud@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 1000 MW.

The company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 394 MW are under construction.

With an established global presence, the company is growing briskly with a project backlog and pipeline of 1.5 GW under development in the Americas, Africa, Asia and the Middle East. 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.