Oslo, 04 August 2025: Scatec ASA will release its second quarter and first half 2025 results on Tuesday 19 August 2025 at 07:00 CEST. A presentation of the results followed by a Q&A session will be held on the same day at 09:00 CEST at Scatec’s headquarters at Skøyen Atrium III (1st floor), Askekroken 11, 0277 Oslo. The presentation and the Q&A session can be followed through a live webcast from our website www.scatec.com, or Scatec webcast Q2 2025. For further information, please contact:For analysts and i ...

Core Points - Scatec ASA will initiate a buyback of up to 68,533 shares for a total maximum amount of NOK 9,600,000, with the buyback period running until 30 June 2025 [1] - The purpose of the buyback is to acquire shares for the Company's Employee Share Purchase Programme, as previously announced [2] - DNB Bank ASA has been engaged to carry out the buyback, which is authorized by the Board of Directors to purchase up to 3,500,000 shares at a minimum of NOK 1 and a maximum of NOK 1,000 per share [3] - All acquisitions will be executed on Euronext Oslo Børs, and the buyback programme may be discontinued at any time based on market conditions [4] Company Overview - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants, with 6.2 GW in operation and under construction across five continents [5] - The Company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [5]

Company Overview - Scatec is a leading renewable energy solutions provider focused on accelerating access to reliable and affordable clean energy in emerging markets [3] - The company develops, builds, owns, and operates renewable energy plants, with a total capacity of 6.2 GW in operation and under construction across five continents [3] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [3] Share Purchase Program - Scatec offered participants the opportunity to purchase shares with a trading value ranging from NOK 10,413 to NOK 104,128 during the subscription period from 16 to 25 June 2025 [1] - The price per share was set at NOK 89.45, based on the average volume-weighted share price on the Oslo Stock Exchange over the last five trading days of the subscription period [1] - A total of 68,533 shares were subscribed by employees under the share purchase program, with allocation and delivery expected to occur by 4 July 2025 [2]

Core Insights - Scatec ASA has achieved financial close for the "Obelisk" hybrid solar and battery storage project in Egypt, with a total estimated capex of USD 590 million, of which USD 479.1 million is financed by major development banks [1][2] Financing Details - The project financing is non-recourse and represents approximately 80% of the total estimated capex [1] - Scatec has previously secured equity bridge loans of USD 120 million for the project, deferring equity injections until the end of the construction period [4] Project Phases and Capacity - The project will be executed in two phases: the first phase includes 561 MW of solar and 100 MW/200 MWh of battery storage, expected to reach commercial operational date in the first half of 2026; the second phase will add 564 MW of solar capacity in the second half of 2026 [3] - The energy produced will be sold under a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company, backed by a sovereign guarantee [3] Company Operations - Scatec will provide Engineering, Procurement and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services for the project, with the EPC scope accounting for approximately 70% of total capex [4] - The company is actively seeking equity partners, with discussions expected to conclude in the coming months [4] Company Background - Scatec is a prominent renewable energy solutions provider, with 6.2 GW of capacity in operation and under construction across five continents [5]

Group 1 - Scatec ASA held its Annual General Meeting on April 24, 2025, with 110,653,066 shares represented, accounting for 69.63% of the share capital [1] - All proposals were approved as presented, except for items 14 and 16, as detailed in the minutes [1][3] Group 2 - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants with a total capacity of 4.8 GW in operation and under construction across five continents [2] - The company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [2]