SATS ASA: Disclosure of shareholding

28 Aug 2024 19:10 CEST

28 August 2024: AF III Holdco AS, controlled by Altor Fund III ("Altor") has
today sold 39,242,358 shares in SATS ASA (the "Company"), representing
approximately 19.2% of the share capital and votes in the Company, at a price
of NOK 18.00 per share for a total transaction size of approximately NOK 706
million (the "Transaction").

Following completion of the Transaction, Altor no longer holds any shares in
the Company, and Altor holds no rights to shares issued by the Company.

As part of the preparations for the Transaction, Altor informed
TryghedsGruppen, the largest shareholder in the Company through TG Nordic
Invest (holding 22.6% of the Company), of the potential sale of shares from
Altor. TryghedsGruppen confirmed to Altor that they were not interested in
selling shares at the current valuation, and that they have no current plans
to sell shares in the Company during 2024.

ABG Sundal Collier ASA and Carnegie AS acted as joint bookrunners in
connection with the Transaction.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

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