Scatec Solar ASA - Exercise of employee share options

Oslo, 5 February 2019: Reference is made to the stock exchange notice dated 1 February 2019 regarding exercise of employee share options.

Upon option exercise, the primary insiders below have at minimum utilised 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 utilised to purchase new shares. The payment per share has been determined based on a volume weighted average share price of NOK 84.4658.

Raymond Carlsen, Chief Executive Officer purchased 36,171 shares at a price of NOK 84.4658
Mikkel Tørud, Chief Financial Officer has purchased 14,000 shares at a price of NOK 84.4658
Terje Pilskog, EVP Project Development & Project Finance purchased 12,273 shares at a price of NOK 84.4658
Roar Haugland. EVP Sustainable Business & HSSE has purchased 10,500 shares at a price of NOK 84.4658
Torstein Berntsen, EVP Power Production has purchased 12,000 shares at a price of NOK 84.4658
Snorre Valdimarsson, EVP General Counsel has purchased 10,300 shares at a price of NOK 84.4658

An overview of shares and options held by primary insiders after the purchase is attached hereto.

In connection with the company's share option program, Scatec Solar has on 1 February 2019 purchased 24 884 own shares at an average price of NOK 84,5914 per share. The shares have been used for settlement under the share option exercise, in accordance with the terms of the option program. After this transaction, Scatec Solar holds no own shares.

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 GW. The company has a total of 1.7 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 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

Attachment


Overview of shares and options held by primary insiders per 04022019