SATS — AGM Information 2026

May 5, 2026

SATS ASA: Minutes from the Annual General Meeting 2026

SATS ASA: Minutes from the Annual General Meeting 2026

On May 5, 2026, at 10:00 hours (CEST), the annual general meeting of SATS ASA

(the "Company") was held as a digital meeting.

Other than the proposed resolution concerning board members' participation in

the Company's 2026 share investment program, which did not receive the

required majority, all resolutions were made in accordance with the proposals

from the board of directors and the nomination committee, including, but not

limited to, approval of the 2025 annual accounts, resolutions related to the

cash remuneration matters, financial assistance offered in connection with the

Company's 2026 share investment program, certain authorisations to the board

of directors (including authorisations to increase the share capital and to

distribute dividends), and a resolution regarding the share capital reduction

by redemption of shares held in treasury.

The general meeting resolved to reduce the share capital by NOK 5,312,500 by

redemption of 2,500,000 shares. No distribution will be made from the Company

in this respect. Following registration of the share capital reduction with

the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the

new share capital will be NOK 419,038,499.50, divided into 197,194,588 shares,

each with a nominal value of NOK 2.125, provided that the ongoing capital

reduction resolved by the general meeting on 3 March 2026 is completed and

registered with the Norwegian Register of Business Enterprises.

The minutes of the 2026 Annual General Meeting are attached to this

announcement and will be made available on the Company's website

www.satsgroup.com (http://www.satsgroup.com/) under "General Meetings".

For further information, please contact:

Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195

Stine Klund, Investor Relations, phone: +47 986 99 259

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act.