Scatec Solar ASA: Key information relating to the cash dividend of NOK 0.95 per share approved by the Board of Directors

Oslo, 16 July 2020: The Board of Directors has in line with the Company's dividend policy and pursuant to the authorisation granted by the Annual General Meeting 28 April 2020 to approve the payment of dividend, resolved to approve a dividend of NOK 131 million, equivalent to NOK 0.95 per share for 2019.

The following key dates for the dividend have been decided by the Board of Directors:

· Dividend amount: NOK 0.95 per share

· Declared currency: NOK

· Last day including right: 21 July 2020

· Ex-date: 22 July 2020

· Record date: 23 July 2020

· Payment date: 3 August 2020

· Date of approval: 16 July 2020

This information is published in accordance with the requirements of the Continuing Obligations.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
tel: +47 950 38 364, ir@scatecsolar.com

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1.6 GW. The company has a total of 1.9 GW in operation and under construction on four continents.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 4.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act