AB Sagax

Capital/Financing Update • Aug 31, 2023

PRESS RELEASE no. 20, 2023

Stockholm, 31 August 2023

SAGAX HAS RECEIVED A RATING UPGRADE TO Baa2 BY MOODY'S

Moody's Investors Service ("Moody's") has today upgraded AB Sagax's rating to Baa2 with stable outlook. The previous rating was Baa3 with positive outlook.

The higher rating reflects a continued strong operational and financial development according to Moody's.

For more information, please contact CEO David Mindus tel. +46 8 545 83 540.

About AB Sagax

AB Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment. Sagax's property holdings per 30 June 2023 amounted to 3,979,000 square metres, distributed over 773 properties. AB Sagax (publ) is listed on Nasdaq Stockholm, Large Cap. More information is available at www.sagax.se.

This constitutes information that AB Sagax (publ) is legally obliged to publish under the EU's Market Abuse Regulation. The information was released for publication, through the agency of the contact person above, on 31 August 2023 at 5.30 p.m. (CEST).

Every care has been taken in the translation of this press release. In the event of discrepancies, however, the Swedish original will supersede the English translation.