SATS — Director's Dealing 2026

May 18, 2026

SATS ASA: Mandatory notifications of trades in connection with the 2026 share investment program and the matching share award under the 2023 share investment program

SATS ASA: Mandatory notifications of trades in connection with the 2026 share investment program and the matching share award under the 2023 share investment program

Reference is made to the stock exchange announcement published by SATS ASA

(the "Company", OSE ticker "SATS") earlier today, on 18 May 2026, regarding

the result of the share investment program for employees of the Company and

its subsidiaries (the "2026 Share Investment Program") and the matching shares

related to the share investment program implemented in 2023 (the "2023 Share

Investment Program").

Certain primary insiders and close associates of primary insiders of the

Company have applied for, and been allocated, shares in the 2026 Share

Investment Program. Parts of the investment made by five of the primary

insiders in the 2026 Share Investment Program will be debt financed through a

loan to be issued by the Company.

Certain primary insiders and close associates of primary insiders have chosen

to divest shares in the Company to finance parts of the investment in the

share investment program, and thus accepted a new lock-up period.

Further, certain primary insiders and close associates of primary insiders of

the Company have been awarded matching shares under the 2023 Share Investment

Program.

See details below and in the attached forms.

· Mira Investments AS, a close associate of Sondre Gravir (CEO), has divested

19,800 shares at an average price of NOK 42.80. Further, Mira Investments AS

has been allocated 85,596 shares in the Company in the 2026 Share Investment

Program. Mira Investments AS has been awarded 350,547 matching shares in the

Company in the 2023 Share Investment Program, of which 240,884 shares are

transferred now, while the remaining shares will be transferred in February

2028. Following these transactions, Gravir holds 1,753,467 shares in SATS ASA.

· Evert Holding AS, a close associate of Wenche Evertsen (Country Manager

Norway), has divested 19,500 shares at an average price of NOK 43.43. Further,

Evert Holding AS has been allocated 85,596 shares in the Company in the 2026

Share Investment Program. Evert Holding AS has been awarded 13,122 matching

shares in the Company in the 2023 Share Investment Program. Following these

transactions, Evertsen holds 356,587 shares in SATS ASA.

· Moneypenny Invest AS, a close associate of Cecilie Elde (CFO), has divested

19,800 shares at an average price of NOK 42.79. Further, Moneypenny Invest AS

has been allocated 85,596 shares in the Company in the 2026 Share Investment

Program. Moneypenny Invest AS has been awarded 131,220 matching shares in the

Company in the 2023 Share Investment Program, of which 98,415 shares are

transferred now, while the remaining shares will be transferred in February

2028. Following these transactions, Elde holds 959,655 shares in SATS ASA.

· Gasellen Invest AS, a close associate of Ellen Marie Vanberg (Chief Product

Officer), has been allocated 73,368 shares in the Company in the 2026 Share

Investment Program. Further, Gasellen Invest AS has been awarded 2,624

matching shares in the Company in the 2023 Share Investment Program. Following

these transactions, Vanberg holds 255,218 shares in SATS ASA.

· Skogstua Invest AS, a close associate of Gaute Sandal (Chief Digital

Officer), has divested 11,000 shares at an average price of NOK 43.35.

Further, Skogstua Invest AS has been allocated 63,522 shares in the Company in

the 2026 Share Investment Program. Skogstua Invest AS has been awarded 98,415

matching shares in the Company in the 2023 Share Investment Program. Following

these transactions, Sandal holds 763,586 shares in SATS ASA.

· Thorbjørn Milling (Country Manager Denmark) has been allocated 6,114 shares

in the Company in the 2026 Share Investment Program. Following this

transaction, Milling holds 9,543 shares in SATS ASA.

· Mia Lund Hanusek (Chief Marketing & Communication Officer) has been

allocated 3,668 shares in the Company in the 2026 Share Investment Program.

Following this transaction, Hanusek holds 20,803 shares in SATS ASA.

· Canela II AS, a close associate of Torodd Gøystdal (Chief People & Operation

Officer), has been awarded 246,037 matching shares in the Company in the 2023

Share Investment Program. Following these transactions, Gøystdal holds

1,069,826 shares in SATS ASA.

The above transactions are notifiable pursuant to Article 19 of the Market

Abuse Regulation.

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 disclosure under the Norwegian Securities

Trading Act, § 5-12.