S.D. Standard ETC — Major Shareholding Notification 2025

Mar 4, 2025

SDSD – Mandatory notification of trade – Large shareholding disclosure – Mandatory offer

S.D. Standard ETC (the "Company") has now been informed that Saga Pure ASA ("Saga Pure") has acquired 13,000,000 shares in the Company at an average price per share of NOK 1.64. Saga Pure is a close associate to Martin Nes, Chairman of the Company's Board of Directors and to Espen Lundaas, a consultant to the Company. Further information about the transaction pursuant to the EU Market Abuse Regulation article 19 is attached to this notice.

Saga Pure is a related party to Ferncliff Listed DAI AS ("Ferncliff Listed DAI"), the largest shareholder of the Company, as Øystein Stray Spetalen is both the sole owner of Ferncliff Listed DAI and a board member of Saga Pure. Following the acquisition by Saga Pure of 13,000,000 shares in the Company, Saga Pure and Ferncliff Listed DAI hold a total of 168,918,109 shares in the Company, where Saga Pure holds 13,000,000 shares and Ferncliff Listed DAI holds 155,918,109 shares, corresponding to a consolidated ownership of approximately 32.21% of the total outstanding shares in the Company. Saga Pure and Ferncliff Listed DAI has consequently surpassed the notifiable 30% threshold under Cyprus law.

As a result of the above, Saga Pure has triggered an obligation to make a bid for the remaining shares in the Company pursuant to applicable law in Cyprus. The Company has been informed that Saga Pure plans to make this bid within four weeks of the date hereof, as required by the Norwegian Securities Trading Act.

For further information, please contact:

Chief Financial Officer, Christos Neokleous at +357 99 53 1193

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas, Consultant, at the time and date provided.