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.