Source: Scatec Solar ASA

Scatec Solar ASA: Annual general meeting held

Oslo, 24 April 2017: Scatec Solar ASA ('SSO') held its annual general meeting on 24 April at 10:00 (CET). A total of 53,221,692 shares, representing 51.57 % of the share capital was represented at the general meeting.

The general meeting resolved the board's proposal of a dividend of NOK 0.71 per share. The dividend shall accrue to the company's shareholders as they appear in the company's shareholder register in the VPS on 26 April 2017, being the Company's shareholders at the date of the general meeting based on regular T+2 settlement. The company's shares will trade on Oslo Stock Exchange exclusive the right to receive dividend as from 25 April 2017. The dividend is expected to be paid on or about 15 June 2017.

All proposals were resolved as presented in the notice convening the general meeting distributed on 31 March 2017, and in the recommendation of the nomination committee distributed on 7 April 2017, and as further set out in the minutes from the general meeting attached hereto.

For further information, please contact:

Mr. Raymond Carlsen, CEO, tel: +47 454 11 280, e-mail: raymond.carlsen@scatecsolar.com

Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, e-mail: 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 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan.

With an established global presence, the company is growing briskly with a project backlog of more than 1.1 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 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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