SATS

Transaction in Own Shares • Oct 30, 2025

SATS ASA: SATS share buyback program has been completed

SATS ASA: SATS share buyback program has been completed

Reference is made to the stock exchange announcement made by SATS ASA ("SATS"

or the "Company") on 8 May 2025 of the launch of SATS' program to repurchase

up to 2,500,000 of the Company's shares in open market transactions for a

total amount of up to NOK 100 million during the period from 9 May 2025, until

no later than the Company's Annual General Meeting of 2026, pursuant to an

agreement with DNB Carnegie (the "Buyback Program").

SATS has now completed the share buyback program. A total of 2,449,430 shares,

which equals 1.23% of the shares in the company, were purchased on Oslo Stock

Exchange, for a total consideration of NOK 91,556,725. The average price paid

per share was NOK 36.6310. Following this, SATS owns a total of 4,922,241 own

shares.

Overview of transactions 28-30 October 2025:

+--------------------+-----------------+----------------+--------------------+

| Date | Aggregate daily | Weighted | Total transactions |

| | volume (# of | average price | value (NOK) |

| | shares) | (NOK) | |

+--------------------+-----------------+----------------+--------------------+

| 28.10.2025 | 121,565 | 38.3122 | 4,657,423 |

+--------------------+-----------------+----------------+--------------------+

| 29.10.2025 | 139,529 | 37.2916 | 5,203,260 |

+--------------------+-----------------+----------------+--------------------+

| 30.10.2025 | 134,906 | 36.5159 | 4,926,214 |

+--------------------+-----------------+----------------+--------------------+

| Previously | 2,103,430 | 36.4969 | 76,769,829 |

| disclosed buybacks | | | |

| under the program | | | |

+--------------------+-----------------+----------------+--------------------+

| Accumulated under | 2,499,430 | 36.6310 | 91,556,725 |

| the buyback | | | |

| program | | | |

+--------------------+-----------------+----------------+--------------------+

Appendix:

An overview of all transactions made under the buyback program that have been

carried out during the above-mentioned time period is attached to this report

and available at www.newsweb.no.

Please see the stock exchange announcement published on 8 May 2025, which is

available at www.newsweb.no, for more information about the buyback program.

For further information, please contact:

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

This announcement contains information that is subject to disclosure

requirements pursuant to the Market Abuse Regulation and section 5-12 of the

Norwegian Securities Trading Act.