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Regulatory press release

Scana ASA - Exercise of share options associated with the share option program

Scana
Bergen, 28 September 2023: Option holders in Scana ASA's share option program
have today exercised 7,140,000 options at a strike price of NOK 1.464 per share
and 2,249,999 options at a strike price of NOK 1.40 per share, with a total of
9,389,999 options. The exercised options will be settled by issuance of new
shares. All exercised options have been granted in accordance with the company's
share option program.

For more information, please contact:
Torvald Ulland Reiestad, CFO, +47 97 98 78 95
Anette Netteland Dybvik, Head of IR and Investments, +47 41 66 77 87

Scana in brief
Scana in brief Scana is a listed industrial owner company in the ocean
industries creating value through active ownership in market-leading portfolio
companies. Scana is headquartered in Bergen and has around 400 employees.
www.scana.no
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