SAGA - Mandatory notification of trade - Large shareholding disclosure - Mandatory offer

06 Mar 2025 16:49 CET

Saga Pure ASA (the "Company") has now been informed that Tycoon Industrier AS
("Tycoon") has today, 6 March 2025, acquired 5,000,000 shares in the Company at
an average price per share of NOK 1.2563, with the highest price per share paid
being NOK 1.28. Tycoon is a close associate of director Øystein Stray Spetalen,
due to Spetalen being the sole shareholder of Tycoon. Further information about
the transaction pursuant to the EU Market Abuse Regulation article 19 is
attached to this notice.

As noted above, Tycoon is a related party to Spetalen. Spetalen is the largest
shareholder of the Company. Following the acquisition by Tycoon of 5,000,000
shares in the Company, Tycoon and Spetalen holds a total of 245,806,953 shares
in the Company, where Tycoon holds 72,965,154 shares and Spetalen holds
172,841,799 shares, corresponding to a consolidated ownership of approximately
50.69% of the total outstanding shares in the Company. Tycoon and Spetalen have
consequently surpassed the notifiable 50% threshold.

As a result of the above, Tycoon has triggered an obligation to make a bid for
the remaining shares in the Company pursuant to the Norwegian Securities Trading
Act. Tycoon 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:

Chairman of the Board, Martin Nes at +47 92 01 48 14

This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and sections 4-2 and 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.

More information:
Access the news on Oslo Bors NewsWeb site

640672_250306_Notification_form_Tycoon_Saga_Pure_.pdf