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Regulatory press release

Scatec ASA: Mandatory notification of trade by primary insider

Scatec
Oslo, 18 March 2023: Hans Jakob Hegge, CFO of Scatec ASA has on 17 March bought
10,000 shares in Scatec ASA at an average price per share of NOK 64.50. After
the transaction Hans Jakob Hegge owns 10,000 shares in Scatec ASA.

Attached is the notification of the transaction in accordance with the Market
Abuse Regulation Article 19.

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities
Trading act.
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