Scatec Solar ASA: Share capital increase registered

Oslo, February 5, 2018: Reference is made to the stock exchange announcement by Scatec Solar ASA ("Scatec Solar") published 5 February 2018 regarding a share capital increase following an exercise of employee share options.

The issuance of 216,202 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of Scatec Solar is NOK NOK 2,585,310.80 divided on 103,412,432 shares, each with a nominal value of NOK 0.025. Each share represents one vote in the company's general meeting.

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.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.