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2015-03-25

Scatec Solar ASA: Scatec Solar ASA - Akihiko Nakazono resigns from the board of Directors

Oslo, March 25, 2015: Scatec Solar ASA ('SSO') has been notified that Mr.
Akihiko Nakazono has accepted a new position with ITOCHU Corporation and will
no longer be involved in the follow up of ITOCHU Corporation's investment in
SSO. As a result, Mr. Nakazono will resign from the board of directors
effective as of May 7 2015, being the contemplated date for the annual
general meeting of SSO.

A new board member to replace Mr. Nakazono is expected to be elected at the upcoming annual general meeting. ITOCHU Corporation has informed SSO of its intention to nominate Mr. Yuji Tachikawa as a new board member, and that further information on his candidacy will be provided in the notice of the annual general meeting.
Shareholders who wish to nominate members to the board of directors of SSO may contact the chairman of the board.
For the avoidance of doubt, except for the election of a board member to
replace Mr. Nakazono, no additional board members will be elected at the
upcoming annual general meeting.

For further information, please contact:
Mr. John Andersen, Jr., Chairman of the board, tel: +47 90 17 40 80,
email:john.andersen@scatec.no

About Scatec Solar

Scatec Solar is an integrated independent power producer, aiming to make solar
a sustainable and affordable source of energy worldwide. Scatec Solar
develops, builds, owns and operates solar power plants and delivers power
from 220 MW in the Czech Republic, South Africa and Rwanda. The company is in
strong growth and has 207 MW under construction in the US, Honduras and
Jordan as well as a solid pipeline of projects under development in Africa,
Middle East, Americas and Asia. 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.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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