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Regulatory press release

Skandia Greenpower AS - Mandatory notification of trade by Primary Insider

Skandia GreenPower
Kristiansand, Norway, July 1st 2022 - Skandia Greenpower AS (Euronext Growth
Oslo: SKAND) (the "Company"), has been notified that Lene Johansen, Newly
appointed CEO as of July 1st 2022 and primary insider of Skandia Greenpower AS,
has today bought 34,575 shares in Skandia Greenpower AS at an average price of
NOK 4,31 per share. After the transaction Mrs. Johansen holds 44,650 shares in
Skandia Greenpower AS.

Contact: Arne Thorsland, CFO, Skandia Greenpower AS,
arne.thorsland@skandiaenergi.no

This information is subject to the disclosure requirements pursuant to the EU
Market Abuse Regulation (MAR) and section 5-12 of the Norwegian Securities
Trading Act.
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