Saga Pure ASA - Major shareholding notification

02 Sep 2025 08:01 CEST

Oslo, Norway, 2. September

Øystein Stray Spetalen has 1. September transferred all his 172,841,799 shares
in Saga Pure ASA (SAGA) (the Company) (corresponding to 30.066% of the shares
and voting rights), and all his shares in Ferncliff Holding AS, which indirectly
owns 206,210,055 shares in the Company, including shares allotted in the private
placement completed 27 August 2025 (corresponding to 35.870% of the shares and
voting rights) through the 100% controlled subsidiary Tycoon Industrier AS,
which again is 100% owned by Ferncliff TIH AS (and 100% owned by Ferncliff
Holding AS), as equal (50/50) gifts to Sss AS and Jss Capital Management AS,
owned by Sophie Stray Spetalen and Jenny Stray Spetalen, respectively.

Following the gifts made 1. September,

(*) Øystein Stray Spetalen owns (directly and indirectly) zero shares and voting
rights in the Company,

(*) Sss AS owns 86,420,900 shares in the Company (corresponding to 15.033% of
the shares and voting rights in the Company),

(*) Jss Capital Management AS owns 86,420,899 shares in the Company
(corresponding to 15.033% of the shares and voting rights in the Company), and

(*) Ferncliff Holding AS owns 206,210,055 shares in the Company (corresponding
to 35.870% of the shares and voting rights in the Company).

For further information, please contact:

Espen Lundaas, CEO, +47 924 31 417

Tore Jakob Berg, CFO, +47 934 80 202

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

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