Regulatory

SSO: Scatec Solar ASA: Subscription of shares by primary insider



Oslo, 24 March 2017: Scatec Solar ASA (OSE: SSO)

Reference  is made to the stock exchange release made public by Scatec Solar ASA
on  24 March  2017 at  08:00, regarding  completion  of  a  private placement of
shares.

ThjømøeKranen  AS,  a  company  controlled  by  board  member  Mari Thjømøe, has
subscribed  and been allocated 2 081 shares in Scatec  Solar ASA, at a price per
share  of NOK 40.50. After the transaction and delivery of shares in the private
placement,  Mari Thjømøe, together  with consolidated parties,  will own 22 638
shares in Scatec Solar ASA.

Furthermore,  Jan  Skogseth,  board  member,  has  subscribed and been allocated
6 119 shares  in Scatec Solar ASA, at a  price per share of NOK 40.50. After the
transaction  and  delivery  of  shares  in  the private placement, Jan Skogseth,
together with consolidated parties, will own 6 119 shares in Scatec Solar ASA.

This  information is subject to disclosure  pursuant to the Norwegian Securities
Trading Act section 4-2.