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Regulatory press release

SCANA: Scana companies secure this year`s fifth contract for e-house

Scana
Bergen, 19 April 2023: Scana-owned PSW Power & Automation and Trans Construction
(ATC) have signed this year`s fifth contract for e-house module. The delivery
involves design, manufacture, and assembly of one e-house module for an offshore
project on the Norwegian continental shelf.

Field developments and modification projects to a greater extent require
pre-assembled solutions that have been designed and tested before installation
offshore. This contributes to robustness in project planning in addition to time
and cost savings.

This is a sizeable contract for the company. The project will start immediately
with delivery Q2 2024.
(1) A sizeable contract is defined to be between NOK 10 million and NOK 50
million. (2) A substantial contract is over NOK 50 million.

For more information, please contact:
Oddbjørn Haukøy, interim CEO, Scana ASA, +47 911 71 914
Eirik Sørensen, Managing Director PSW Power & Automation +47 936 78 233
Anders Sandberg, Managing Director, Trans Construction, +47 976 61 413

PSW i korte trekk
PSW Power & Automation in brief PSW Power & Automation delivers complete
solutions within electrification and renewable energy. The company specializes
in the design and integration of electrical power systems, electrical
infrastructure, energy storage systems and control systems. www.pswpower.no

Trans Construction in brief
Trans Construction AS is a leading EPC contractor providing standardized and
customized E-House modules, for a wide range of offshore and onshore projects.
The company specializes in design and construction of complex E-house solutions
with multidiscipline engineering, fabrication, installation, and testing. The
company is a 100% subsidiary to PSW Power & Automation www.atcno.com/nb/

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. Our vision is to accelerate decarbonisation of the maritime and
offshore sector by being a driving force in electrification and emission
reduction solutions. Scana's portfolio companies have a solid innovation and
commercialisation history based on core competence in selected niches. Scana is
headquartered in Bergen and has around 350 employees. www.scana.no
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