Reference is made to the stock exchange notice by SCANA ASA (OSE: SCANA) on November 15th, 2023, regarding the business transfer from an electrical company. PSW Technology AS has completed an agreement for a business transfer from Future Energy AS, involving the transfer of specific assets, rights, and obligations, including 58 employees.

The business transfer is based on a company value of NOK 12,000,000. The final purchase price for payment will be based on a pro-contra settlement involving transferred assets and liabilities. The purchase price will be settled in cash.

For more information, please contact:
Pål Selvik, Chief Executive Officer, Scana ASA, +47 970 46 502

Richard Cornell, Managing Director, PSW Technology AS, +47 952 31 652