Long term incentive programme

Oslo, 4 January 2022: In line with the terms adopted by the Annual General Meeting of Scatec ASA in 2021, the Board of Directors continue the share-based incentive programme for leading employees of the company, following the same principles as previous years. Today, a total of 1,049,596 share options were granted to leading employees, including the following primary insiders:

Raymond Carlsen, CEO: 43,183
Mikkel Tørud, CFO: 30,345
Torstein Berntsen, EVP Power Production & Asset Management: 26,844
Pål Helsing, EVP Solutions: 26,844
Roar Haugland, EVP Sustainable Business & HSSE: 23,342
Terje Pilskog, EVP Project Development & Project Finance: 29,178
Snorre Valdimarsson, EVP General Counsel: 25,677
Toril Haaland, EVP People & Organisation: 22,175
Jarl Kosberg, EVP Project Development Hydropower: 26,844
Andreas Austrell, VP Investor Relations: 9,946

Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 150.79 per share based on the volume weighted average share price over the ten last trading days preceding the grant date of 4 January 2022. The options will lapse if not exercised by 1 January 2026. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2023. The current grant is the third of three contemplated annual grants of share options in accordance with Scatec’s share-based incentive programme.

Attached is an overview of the primary insiders’ total numbers of share options.

For further information, please contact:
Andreas Austrell, VP Investor Relations
tel: +47 974 38 686, email: andreas.austrell@scatec.com

Overview of shares and options held by the primary insiders in the company