Saga Pure - Share Issue/Capital Change 2021

Saga Pure ASA: Increases its ownership in Heimdall Power

(Oslo, 21 September 2021) Saga Pure ASA (Saga, OSE: SAGA) has entered into an

agreement to further invest NOK 9.6 million in Heimdall Power AS (Heimdall

Power). Heimdall Power provides digital solutions for power grid monitoring and

efficient operations. Saga Pure will hold 18.3 percent of the company following

the transaction (undiluted basis).

"We are very happy about the progress Heimdall Power has made over the course of

2021, and have decided to further increase our ownership, as we see great

opportunities for the company moving forward," says Bjørn Simonsen, CEO of Saga

Pure.

Saga Pure has entered into an agreement to invest NOK 9.6 million in Heimdall

Power. Saga Pure is an active investor in Heimdall Power through its position

on the Board of Directors.

Heimdall Power makes the power grid smarter by installing neurons, intelligent

sensors on high-voltage power lines, providing insight for improved grid

-operations and -utilization and reducing the need for investments. The key

highlights for the company include:

· The Heimdall Neuron is an advanced, low-cost monitoring device that

leverages various sensor technologies and a patented system design

· The company sells access to data and insights through a subscription-based

model

· The product has been in the market since 2020 and the company is currently

positioning for a substantial near-term scale up

· Currently, the Heimdall team consists of 35 FTEs with high expertise within

sensor technology, wireless communication and infrastructure

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

Espen Lundaas, CFO, +47 924 31 417

About Saga Pure ASA | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within

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

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