Saga Pure: Cancellation of extraordinary general meeting

15 Dec 2022 21:00 CET

(Oslo, 15 December 2022) Reference is made to the extraordinary general meeting
(EGM) in Saga Pure ASA (Saga Pure, OSE: SAGA) 19 December 2022 to consider the
proposed demerger of NOK 500 million in cash to a new investment company focused
on distressed assets.

The Board of Directors has decided to expand Saga Pure's investment mandate to
include distressed assets, and consequently the EGM will be cancelled.  The
Board of Directors may propose a separate listing of a new investment company at
a later stage.

ENDS

For additional information, please contact:

Martin Nes, Chairman of Board of Directors, +47 920 14 814

About Saga Pure | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within
renewable energy, hydrogen, circular economy and CO\2\-reduction.

More information:
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578370_SAGA_OSE_Notification_Cancellation_of_EGM.pdf