Saga Pure ASA - Invests in S.D. Standard ETC and triggers mandatory offer

04 Mar 2025 11:55 CET

Saga Pure ASA ("Saga Pure") has today acquired 13,000,000 shares in S.D.
Standard ETC Plc ("SDSD") at an average price per share of NOK 1.64.

Saga Pure is a related party to Ferncliff Listed DAI AS ("Ferncliff Listed
DAI"), the largest shareholder of SDSD, 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 SDSD, Saga Pure
and Ferncliff Listed DAI hold a total of 168,918,109 shares in SDSD, 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 SDSD. As a result of the above, Saga Pure has triggered an
obligation to make a bid for the remaining shares in SDSD pursuant to applicable
law in Cyprus. 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:

Espen Lundaas, CEO, +47 924 31 417

Tore Jakob Berg, CFO, +47 934 80 202

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 Tore Jakob Berg, CFO, at the time and date
provided.

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