Bergen, 15 January 2024: Option holders in Scana ASA's share option program have
today exercised 2,420,000 options. 

Primary insider Torvald Ulland Reiestad, Chief Financial Officer in Scana, has
exercised 420,000 options granted on 26 June 2020. The exercise price for the
share options is 1.331 per share. 

Following the transaction Torvald Ulland Reiestad owns a total of 598,660
shares.

Primary insider Oddbjørn Haukøy, Chief Business Officer in Scana, has exercised
2,000,000 options granted on 24 January 2022. The exercise price for the share
options is 1.40 per share. Subsequently Haukøy has sold the 2,000,000 shares to
be received following the exercise. 

Following the exercise and subsequent sale of shares, Oddbjørn Haukøy will
continue to have a consolidated holding of 38,187,747 shares, where 34,187,143
shares are held by his investment company, No Surrender AS, and 4,000,604 shares
are held by his related party, Subsea Independent AS.

The exercised options will be settled by issuance of new shares, increasing the
Company's share capital to NOK 452,392,900 divided into 452,392,900 shares. 

Please see attached transaction notifications for further details.

All exercised options have been granted in accordance with the company's share
option program. This information is subject to the disclosure requirements
pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the
Norwegian Securities Trading Act.

For more information, please contact:  
Pål Selvik, Chief Executive Officer, Scana ASA, +47 970 46 502
Anette Netteland Dybvik, Head of Investor Relations and Communication, +47 416
67 787

Scana in brief  
Scana in brief Scana is a listed industrial owner company in the ocean
industries creating value through active ownership in market-leading portfolio
companies. Scana is headquartered in Bergen and has around 500 employees.
www.scana.no

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