Scatec Solar ASA: Long Term Incentive Programme

Oslo, January 3, 2018: In line with the terms adopted by the annual general
meeting of Scatec Solar ASA in 2017, the Board of Directors continues to
implement the option program for leading employees of the company.

Yesterday a total of 459,099 options were granted to leading employees,
including the following primary insiders: CEO Raymond Carlsen 76,098, CFO Mikkel
Tørud 55,831, EVP Terje Pilskog 48,601, EVP Torstein Berntsen 46,090, EVP Roar
Haugland 43,579, and EVP Snorre Valdimarsson 43,579.

Each share option gives the right to subscribe for and be allotted one share in
Scatec Solar ASA. The strike price of the options is set to NOK 48.43 per share
based on the volume weighted average share price over the last 10 trading days
preceding the grant date of January 2, 2018. The options will lapse if not
exercised by 1 January 2023. The option grant is divided into three tranches
whereby 1/3 vests each year over three years, with the first tranch vesting
January 1, 2019. The current grant is the second of three contemplated annual
grants of options in accordance with the Scatec Solar share based incentive
program.

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering
affordable, rapidly deployable and sustainable source of clean energy worldwide.
A long term player, Scatec Solar develops, builds, owns, operates and maintains
solar power plants, and already has an installation track record of close to
600 MW.

Currently, the company is producing electricity from 322 MW of solar power
plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and
another 394 MW are under construction.

With an established global presence, the company is growing briskly with a
project backlog and pipeline of more than 1.5 GW under development in the
Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in
Oslo, Norway.