Saga Pure — Major Shareholding Notification 2020

Dec 14, 2020

Saga Pure ASA: Mandatory Notification of Trade - Disclosure of large shareholding

Saga Pure ASA: Mandatory Notification of Trade - Disclosure of large shareholding

Reference is made to the stock exchange notice from Saga Pure ASA (the

"Company") dated 14 December 2020 regarding completion of a private placement of

new shares in the Company (the "Private Placement").

Øystein Stray Spetalen, director and primary insider, has on 14 December 2020

been allocated 4,762,000 shares in the Company in the Private Placement at a

price of NOK 2.10 per share through his controlled company Tycoon Industrier AS.

After the transaction, Øystein Stray Spetalen and associated companies have a

holding of 195,391,799 shares in the Company. As a consequence of this

allocation and the Private Placement, Øystein Stray Spetalen and associated

companies now have a total holding of 47.76% of the outstanding shares and votes

in the Company.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act