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2016-03-14

Scatec Solar ASA: Annual accounts and proposed dividend

Oslo, March 14, 2016: The board of directors of Scatec Solar ASA ('SSO') has
resolved the annual accounts and annual report for the financial year 2015.
The annual accounts were resolved without changes from the preliminary
results published on January 29, 2016.

The board of directors of Scatec Solar ASA ('SSO') has furthermore resolved to
propose to the annual general meeting a dividend of NOK 0.66 per share (based
on 93,816,230 shares outstanding).

The annual general meeting will be held May 4, 2016. The company's shares are
traded on the Oslo Stock Exchange.

For further information, please contact:
Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, mikkel.torud@scatecsolar.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
pagewww.scatecsolar.com

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scatec Solar ASA via Globenewswire

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