12 February, 2015
Reference is made to the stock exchange release dated
11 February 2015 regarding a contemplated sale of
shares in Scatec Solar ASA ("Scatec Solar" or
the "Company").
Itochu Corporation ("Itochu") has today sold
2,500,000 shares in Scatec Solar at a price of NOK
29.50 per share. The shares were placed after close
of markets 11 February 2015 through an accelerated
bookbuilding process managed by ABG Sundal Collier
Norge ASA and Carnegie AS.
Itochu now holds 17,768,657 shares in Scatec Solar,
representing 18.94% of the outstanding shares in the
Company. As a consequence of the transaction Itochu's
holding of Scatec Solar shares has fallen below the
threshold of 20 percent of the outstanding share
capital, cf. the Securities Trading Act section 4-3.
The percentage has been calculated based on
93,816,230 issued shares in Scatec Solar.
Itochu is represented on the Board of Directors in
the Company by Akihiko Nakazono. This notification is
subject to disclosure pursuant to the Norwegian
Securities Trading Act section 4-2 and 4-3.