Saga Pure: Bjørn Simonsen to step down as CEO

22 Dec 2022 19:30 CET

(Oslo, 22 December 2022) Chief Executive Officer (CEO) Bjørn Simonsen of Saga
Pure ASA (Saga Pure, OSE: SAGA) will step down effective 15 January 2023. The
Board of Directors has initiated the succession process.

"Saga Pure has delivered strong performance under Bjørn´s tenure as CEO, and we
respect his decision to step down following the expansion of Saga Pure's
investment mandate. We wish Bjørn all the best with his future endeavors," says
Martin Nes, Chairman of the Board of Directors.

Bjørn Simonsen has informed the Board of Directors of his resignation effective
15 January 2023, and the succession process has been initiated.

"Saga Pure has a strong platform for future value creation, with NOK 780 million
in cash, our holdings in Heimdall, Horisont Energi and Hyon, in addition to the
opportunities within our expanded investment mandate," Nes continues.

"It has been a privilege to shape and lead Saga Pure over the last two years,
where our team has delivered strong financial and operational results. Saga Pure
has a solid platform to capitalize on the expanded investment mandate, and with
company entering a new phase the timing is right to hand the reins to a new
CEO," Simonsen concludes.

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 with a broad investment mandate.

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, CFO, Saga Pure ASA, on 22 December
2022 at 1930 CET.

More information:
Access the news on Oslo Bors NewsWeb site

579087_SAGA_OSE_Notification_20221222.pdf