SATS

SATS ASA: Initiation of share buyback program

The Board of Directors of SATS ASA ("SATS" or "the Company") has resolved to

initiate a share buyback program to be executed in accordance with the

authorization granted to the Board of Directors by the Annual General Meeting

of SATS held on 28 April 2025 ("the 2025 AGM").

The share buyback program will commence on 31 October 2025 and end no later

than the Company's Annual General Meeting of 2026. The buyback program

authorizes the repurchase of shares for a total consideration of up to NOK 100

million, and a maximum of 3,500,000 shares. SATS' holding of own shares may,

however, not at any point exceed the authorization granted by the 2025 AGM.

The purpose of the program is to optimize the share capital structure through

a redemption of treasury shares, which is considered to be beneficial for the

Company's shareholders.

SATS has engaged DNB Carnegie, a part of DNB Bank ASA, to manage and carry out

the share repurchases in the market. No acquisition will be made during a

30-day period prior to the Company's reporting of a quarterly report.

The share buyback program will be carried out in accordance with Regulation

(EU) No 596/2014 (the "Market Abuse Regulation") and Commission Delegated

Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").

The Company reserves the right to make subsequent changes to the above terms

for the program and will in such case make appropriate announcements in this

respect.

For further information, please contact:

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

The buyback program is carried out in accordance with the Market Abuse

Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU)

No 2016/1052 ("Safe Harbour Regulation"). This is information that SATS is

obliged to make public pursuant to the EU Market Abuse Regulation and subject

to the disclosure requirements pursuant to Section 5-12 the Norwegian

Securities Trading Act.

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