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Regulatory press release

Scatec ASA: Mandatory notification of trade by primary insider

Scatec
Oslo, 16 March 2023: MMH Nysteen Invest AS, a company controlled by board member
Maria Moræus Hanssen and related parties has on 16 March bought 3,030 shares in
Scatec ASA at an average price per share of NOK 66.11. After the transaction MMH
Nysteen Invest AS owns 8,540 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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