SATS — Audit Report / Information 2026

Apr 13, 2026

Deloitte.

Deloitte AS
Dronning Eufemias gate 14
Postboks 221
NO-0103 Oslo
Norway
+47 23 27 90 00
www.deloitte.no

Til generalforsamlingen i Sats ASA

UTTALELSE OM DEKNING FOR BUNDET EGENKAPITAL VED KAPITALNEDSETTING FOR SATS ASA

Vi har kontrollert om det er dekning for den gjenværende aksjekapital og bundet egenkapital for øvrig i forbindelse med kapitalnedsetting i Sats ASA.

Styrets ansvar for nedsettingen

Styret er ansvarlig for at nedsettingen ikke er større enn at det er full dekning for selskapets bundne egenkapital etter allmennaksjeloven § 12-2.

Revisors oppgaver og plikter

Vår oppgave er å uttale oss om det er full dekning for selskapets bundne egenkapital etter asal § 12-2. Vi har utført vår kontroll og avgir vår uttalelse i samsvar med standard for attestasjonsoppdrag SA 3802-1 "Revisors attestasjoner etter aksjelovgivningen". Standarden krever at vi planlegger og utfører kontroller for å oppnå betryggende sikkerhet for at det er dekning for den gjenværende aksjekapital og bundet egenkapital for øvrig etter at det er tatt tilbørlig hensyn til hendelser etter balansedagen og tap som må forventes å inntreffe. Arbeidet omfatter kontroll av de beregninger som styret er ansvarlig for, samt å kontrollere om det er tatt hensyn til hendelser etter balansedagen som kan medføre at det ikke lenger vil være dekning.

Vi mener at innhentede bevis er tilstrekkelig og hensiktsmessig som grunnlag for vår konklusjon.

Konklusjon

Etter vår mening er det etter kapitalnedsettingen på kr 5 312 500, fra kr 424 350 999,50 til kr 419 038 499,50 dekning for den gjenværende aksjekapital og bundet egenkapital for øvrig i samsvar med allmennaksjeloven. Vår uttalelse er basert på forutsetningen om at den pågående kapitalnedsettingen vedtatt av generalforsamlingen 3. mars 2026 gjennomføres og registreres i Foretaksregisteret, i samsvar med allmennaksjeloven.

Oslo, 10. april 2026

Deloitte AS

Mats Nordal
statsautorisert revisor
(elektronisk signert)

Deloitte AS and Deloitte Advokatfirma AS are the Norwegian affiliates of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

Deloitte Norway conducts business through two legally separate and independent limited liability companies; Deloitte AS, providing audit, consulting, financial advisory and risk management services, and Deloitte Advokatfirma AS, providing tax and legal services.

Registret i Foretaksregisteret
Medlemmer av Den norske Revisorforening
Organisasjonsnummer: 980 211 282

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Deloitte.

Uttalelse om dekning for bundet
egenkapital ved kapitalnedsetting for
Sats ASA
Sats ASA

To the Shareholders' Meeting of Sats ASA

STATEMENT ON COVERAGE FOR RESTRICTED EQUITY IN CONNECTION WITH A CAPITAL REDUCTION - SATS ASA

We have verified that there is coverage for the remaining share capital and other undistributable equity in connection with the capital reduction in Sats ASA.

The Board of Directors' responsibility

The Board is responsible for ensuring that the capital reduction does not exceed an amount that will leave full cover for the Company's undistributable equity pursuant to the Norwegian Public Limited Liabilities Companies Act section 12-2.

Auditor's responsibility

Our responsibility is to make a statement on whether there is full coverage for the Company's restricted equity pursuant to the Norwegian Public Limited Liabilities Companies Act section 12-2.

We conducted our examination and issue our statement in accordance with the Norwegian standard SA 3802-1 "The auditor's statements and reports pursuant to Norwegian company legislation". The standard requires that we plan and perform our work to obtain reasonable assurance for the fact that there is coverage for the remaining share capital and other undistributable equity, having considered events subsequent to the balance sheet date and any loss likely to be incurred. The examination includes testing the calculations for which the Board is responsible and an assessment of whether events subsequent to the balance sheet date that can result in an inadequate coverage, have been sufficiently considered.

Opinion

In our opinion, there is coverage for the remaining share capital and other undistributable equity subsequent to the capital reduction of NOK 5 312 500, from NOK 424 350 999,50 to NOK 419 038 499,50, in accordance with the Norwegian Public Limited Liabilities Companies Act. Our opinion is based on the assumption that the ongoing capital reduction approved by the general meeting on March 3, 2026 is implemented and registered in Foretaksregisteret, in accordance with the Norwegian Public Limited Liabilities Companies Act.

Oslo, 10 April 2026

Deloitte AS

Mats Nordal

State Authorised Public Accountant

(This document is signed electronically)

This is a translation of the original official Norwegian document and is provided for information purposes only.

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Uttalelse om dekning for ...edsetting for Sats ASA

Name
Nordal, Mats

Date
2026-04-10

Identification
bankID Nordal, Mats

Signicat
This document contains electronic signatures using EU-compliant PAdES - PDF Advanced Electronic Signatures (Regulation (EU) No 910/2014 (eIDAS))