NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Oslo, October 23, 2017: Scatec Solar ASA (the "Issuer" or "Scatec Solar") is currently in the process of assessing its options to secure longer term funding beyond the maturity of the outstanding bond SSO01 G (ISIN NO0010752298, maturing in November 2018). The Issuer has mandated Nordea Bank AB (publ), Filial i Norge, Swedbank Norge, Norwegian Branch of Swedbank AB (publ) and ABN AMRO Bank N.V. (the "Mandated Banks") to arrange a series of fixed income investor meetings commencing on Wednesday 25 October 2017. Following the investor meetings, a NOK denominated, senior unsecured green bond issue with a 4-year tenor will follow, subject to, inter alia, market conditions. A potential bond issue would be intended to refinance SSO01 G and for general corporate purposes.
For more information please contact:
Mikkel Tørud, CFO
Mobile: +47 97699144
About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable source of clean energy worldwide. As 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.
Currently, the company is producing electricity from 322 MW of solar power plants in the Czech Republic, South Africa, Rwanda, Honduras and Jordan and another 394 MW are under construction.
With an established global presence, the company is growing briskly with a project backlog and pipeline of more than 1.8 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'.
To learn more, visit www.scatecsolar.com
Important Notice
The contents of this announcement have been prepared by, and are the sole responsibility of, the Issuer. The Issuer's financial advisors are acting exclusively for the Issuer and no one else, and will not be responsible to anyone other than the Issuer for providing the protections afforded to their respective clients, or for advice in relation to the potential bond issue (the "Transaction"), the contents of this announcement or any of the matters referred to herein. The Transaction and the distribution of this announcement and other information in connection with the Transaction may be restricted by law in certain jurisdictions. The Issuer assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about, and to observe, any such restrictions. This announcement may not be used for, or in connection with, and does not constitute, any offer of securities for sale in the United States or in any other jurisdiction.
The Transaction has not been, and will not be, made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. This announcement is not for distribution, directly or indirectly in or into any jurisdiction in which it is unlawful to make any such offer or solicitation to such person or where prior registration or approval is required for that purpose. No steps have been taken or will be taken relating to the Transaction in any jurisdiction in which such steps would be required. Neither the publication and/or delivery of this announcement shall under any circumstances imply that there has been no change in the affairs of the Issuer or that the information contained herein is correct as of any date subsequent to the earlier of the date hereof and any earlier specified date with respect to such information.
This announcement is not for publication or distribution, directly or indirectly, in the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any bonds in relation to the Transaction have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account of, U.S. persons (as such term is defined in Regulation S under the US Securities Act), except pursuant to an effective registration statement under, or an exemption from the registration requirements of, the US Securities Act. All offers and sales outside the United States will be made in reliance on Regulation S under the US Securities Act. There will be no public offer of securities in the United States. This announcement does not constitute an offering circular or prospectus in connection with an offering of securities of the Issuer. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the investor material made available by the Issuer only to qualified persons in certain jurisdictions where an offer may be made (if an offer is made). This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for, any securities and cannot be relied on for any investment contract or decision.
This document does not constitute an offer of, or an invitation by or on behalf of the Issuer or the Mandated Banks to subscribe or purchase, any of the securities under this transaction. No person has been authorised to give any information or to make any representation other than those contained in this document in connection with the issue or sale of the securities and, if given or made, such information or representation must not be relied upon as having been authorised by or on behalf of the Issuer or the Mandated Banks.
The Mandated Banks have not separately verified the information contained in this document and make no representation, express or implied, or accept any responsibility, with respect to the accuracy or completeness of any of the information in document. To the fullest extent permitted by law, the Mandated Banks accept no responsibility whatsoever for the contents of this document or for any other statement, made or purported to be made by a Mandated Bank or on its behalf in connection with the Issuer or the issue and offering of the securities. Each Mandated Bank accordingly disclaims all liability which it might otherwise have in respect of this document, in relation to this issue and offering of the securities or any such statement.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
