Saga Pure — Board/Management Information 2021

Apr 14, 2021

Saga Pure ASA: Strengthening of the organization

Saga Pure ASA: Strengthening of the organization

(Oslo, 14 April 2021) Saga Pure ASA (Saga Pure, OSE: SAGA) has strenthened the

organization with industry experts within renewables, maritime and sustainable

ammonia solutions.

"We're truly happy to have expanded the team with key competence which will both

help us make better investment decisions, as well as enable a greater degree of

active ownership, and we look forward to continue building the team throughout

2021," says Bjørn Simonsen, Chief Executive Officer of Saga Pure.

Saga Pure has since the start of 2021 strengthened the organization with the

following new hires:

· Florian Melcher, with more than a decade experience from the finance sector,

specialised in energy and renewables

· Jørgen Festervoll, with more than 20 years' experience within renewables,

smart electrical grids, power-intensive industry, and energy storage

· Jørgen Kopperstad, with a decade's worth of experience from the maritime

sector, with a specialization in ship energy optimization and zero-emission

technologies such as battery and hydrogen

· Rob Stevens, with more than 20 years' experience within the ammonia sector,

having spent the last five years focusing on low carbon ammonia solutions and

value chain

The abovementioned employees have been allocated 3 million share options each,

in total 12 million options, whereof the allocation of 3 million options to

Florian Melcher was disclosed in the stock exchange release on 19 October 2020.

The allocated share options hold strike prices ranging between NOK 1.5 per share

option and NOK 10 per share option.

Saga Pure has as of today issued in total 27 million options to employees, of

which 9 million share options have been issued pursuant to the authorization

granted by the extraordinary general meeting held on 19 February 2021. Each

share option holds the right to acquire 1 share in Saga Pure. The issued share

options hold a vesting period of up to 36 months, and are subject to customary

terms and conditions.

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

About Saga Pure | www.saga-pure.com

Saga Pure ASA is an investment company focusing on opportunities within

renewable energy, hydrogen, circular economy and CO2-reduction.

This stock exchange notice is subject to the disclosure requirements in Section

5-12 of the Norwegian Securities Trading Act This stock exchange release was

published by Espen Lundaas, CFO at 14 April 2021.