Scatec Solar ASA: Annual general meeting held

Oslo, 4 May 2016: Scatec Solar ASA (‘SSO’) held its annual general meeting on 4 May 2016 at 10:00 (CET). A total of 48,509,964 shares, representing 51.71% of the share capital was represented at the general meeting.

The general meeting resolved the board’s proposal of a dividend of NOK 0.66 per share. The dividend shall accrue to the company’s shareholders as they appear in the company’s shareholder register in the VPS on 9 May 2016, being the Company’s shareholders at the date of the general meeting based on regular T+2 settlement. The company’s shares will trade on Oslo Stock Exchange exclusive the right to receive dividend as from 6 May 2016. The dividend is expected to be paid on or about 15 June, 2016.

All proposals were resolved as presented in the notice convening the general meeting distributed on 13 April, 2016, as further set out in the minutes from the general meeting attached hereto.

For further information, please contact:

Mr. Raymond Carlsen, CEO, tel: +47 454 11 280,
E-mail: raymond.carlsen@scatec.com

Mr. Mikkel Tørud, CFO, tel: +47 976 99 144,
E-mail: mikkel.torud@scatec.com

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.

The company is producing electricity from 383 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and the United States. Construction of an additional 43 MW solar power plants in Jordan is under way.

With an established global presence, the company is growing strongly with a project backlog and pipeline of close to 1.5 GW under development in the Americas, Africa, Asia and the Middle East. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SSO’.

For more information on Scatec Solar, please visit our home page www.scatec.com

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

Minutes from Annual General Meeting 2016