SATS ASA: Status on share buyback

17 Nov 2025 20:11 CET

Reference is made to the stock exchange announcement made by SATS ASA ("SATS"
or the "Company") on 30 October 2025 of the launch of SATS' program to
repurchase up to 3,500,000 of the Company's shares in open market transactions
for a total amount of up to NOK 100 million during the period from 31 October
2025, until no later than the Company's Annual General Meeting of 2026,
pursuant to an agreement with DNB Carnegie (the "Buyback Program").

For the period from and including 31 October 2025, through 17 November 2025,
the Company purchased a total of 2,034,269 shares at an average price of NOK
36.8674 per share, all purchased as ordinary market purchases on Euronext Oslo
Børs.

Overview of transactions:

+--------------------+-----------------+----------------+--------------------+
| Date | Aggregate daily | Weighted | Total transactions |
| | volume (# of | average price | value |
| | shares) | (NOK) | |
+--------------------+-----------------+----------------+--------------------+
| 10.11.2025 | 128,733 | 36.9117 | 4,751,754 |
+--------------------+-----------------+----------------+--------------------+
| 11.11.2025 | 126,006 | 37.0714 | 4,671,219 |
+--------------------+-----------------+----------------+--------------------+
| 12.11.2025 | 196,477 | 37.2358 | 7,315,978 |
+--------------------+-----------------+----------------+--------------------+
| 13.11.2025 | 174,340 | 37.7769 | 6,586,025 |
+--------------------+-----------------+----------------+--------------------+
| 14.11.2025 | 147,958 | 37.3780 | 5,530,374 |
+--------------------+-----------------+----------------+--------------------+
| 17.11.2025 | 150,910 | 36.8843 | 5,566,210 |
+--------------------+-----------------+----------------+--------------------+
| Previously | 1,109,845 | 36.5607 | 40,576,723 |
| disclosed buybacks | | | |
| under the program | | | |
+--------------------+-----------------+----------------+--------------------+
| Accumulated under | 2,034,269 | 36.8674 | 74,998,283 |
| the buyback | | | |
| program | | | |
+--------------------+-----------------+----------------+--------------------+

The issuer's holding of own shares:
Following the completion of the above transactions, SATS owns a total of
4,726,793 of own shares, corresponding to 2.32% of SATS' share capital.

Appendix:
An overview of all transactions made under the buyback program that have been
carried out during the above-mentioned time period is attached to this report
and available at www.newsweb.no (http://www.newsweb.no/).

For further information, please contact:
Stine Klund, Investor Relations, phone: +47 986 99 259

This is information that SATS is obliged to make public pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

659883_Trade File SATS ASA Buybacks 17 11 2025.pdf