Saga Pure — M&A Activity 2022

Nov 16, 2022

Saga Pure announces demerger plan for the purpose of establishment of new investment company

Saga Pure announces demerger plan for the purpose of establishment of new investment company

Reference is made to the announcement by Saga Pure ASA ("Saga Pure" or the

"Company") on 9 November 2022 concerning the Company's intention to establish a

new industrial investment company focused on distressed assets.

The Company's board of directors have prepared a demerger plan for the demerger

of NOK 500 million in cash to the new investment company. The new investment

company will be formed at the time of completion of the demerger, expected in

the first quarter of 2023. All shareholders in Saga Pure at the time of

completion of the demerger will pro rata receive shares in the new company. The

intention is to list the shares of the new investment company on Euronext Growth

following completion of the demerger. The demerger plan will be presented to an

extraordinary general meeting of shareholders in the Company for consideration,

the summons for which is expected to be sent in the near future.

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

Espen Lundaas, CFO, +47 924 31 417

About Saga Pure | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within

renewable energy, hydrogen, circular economy and CO\2\-reduction.