SATS

Major Shareholding Notification • Sep 10, 2025

SATS ASA: Disclosure of shareholding

SATS ASA: Disclosure of shareholding

10 September 2025: TG Nordic Invest ApS ("TG"), an entity owned by

TryghedsGruppen smba, has today sold 20,500,000 shares in SATS ASA (the

"Company"), representing 10.06% of the share capital and votes in the Company,

at a price of NOK 37.25 per share for a total transaction size of NOK 764

million (the "Transaction").

Following completion of the Transaction, TG will no longer hold any shares in

the Company.

ABG Sundal Collier ASA and SB1 Markets AS acted as joint bookrunners in

connection with the Transaction.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities

Trading Act.