SATS ASA: Minutes from the Annual General Meeting 2025

28 Apr 2025 11:11 CEST

Today, on April 28, 2025, at 10:00 hours (CEST), the annual general meeting in
SATS ASA (the "Company") was held at the Company's headquarter at Nydalsveien
28, 0484 Oslo.

All resolutions were made in accordance with the proposals from the board of
directors and the nomination committee, including, but not limited to,
approval of the 2024 annual accounts, election of members to the nomination
committee, resolutions related to remunerations, financial assistance offered
in connection with the Company's share investment program, certain
authorisations to the board of directors (including an authorisation to
distribute dividends), and a resolution regarding share capital reduction by
redemption of shares. Furthermore, all shareholder elected members of the
board of directors' were re-elected for a two-year term until the general
meeting in 2027. Following such appointment, the board of directors comprise
the following shareholder elected members: Hugo Lund Maurstad as chair and
Maria Tallaksen, Andreas Holm, Lisa Åberg and Martin Folke Tivéus as board
members.

The general meeting resolved to reduce the share capital by NOK 2,125,000 by
redemption of 1,000,000 shares. Following registration of the share capital
reduction with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret), the new share capital will be NOK 432,850,999.50, divided
into 203,694,588 shares, each with a nominal value of NOK 2.125.

The minutes of the 2025 Annual General Meeting are attached to this
announcement and will be made available on the Company's website
www.satsgroup.com (http://www.satsgroup.com/) under "General Meetings".

For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

644561_SATS ASA Minutes From The Annual General Meeting 2025.pdf