SATS ASA: SATS share buyback program has been completed

18 Feb 2026 13:30 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").

SATS has now completed the share buyback program. A total of 2,623,134 shares,
which equals 1.29% of the shares in the company, were purchased on Oslo Stock
Exchange, for a total consideration of NOK 99,992,923. The average price paid
per share was NOK 36.1196. Following this, SATS owns a total of 5,726,793 own
shares.

Overview of transactions 10-18 February 2026:

+--------------------+-----------------+----------------+--------------------+
| Date | Aggregate daily | Weighted | Total transactions |
| | volume (# of | average price | value (NOK) |
| | shares) | (NOK) | |
+--------------------+-----------------+----------------+--------------------+
| 10.02.2026 | 100,000 | 42.7266 | 4,272,660 |
+--------------------+-----------------+----------------+--------------------+
| 12.02.2026 | 119,197 | 41.6670 | 4,966,581 |
+--------------------+-----------------+----------------+--------------------+
| 13.02.2026 | 122,975 | 42.0189 | 5,167,274 |
+--------------------+-----------------+----------------+--------------------+
| 16.02.2026 | 123,095 | 43.1948 | 5,317,064 |
+--------------------+-----------------+----------------+--------------------+
| 17.02.2026 | 114,098 | 42.7025 | 4,872,270 |
+--------------------+-----------------+----------------+--------------------+
| 18.02.2026 (until | 9,500 | 41.9780 | 398,791 |
| 12:16) | | | |
+--------------------+-----------------+----------------+--------------------+
| Previously | 2,034,269 | 36.8674 | 74,998,283 |
| disclosed buybacks | | | |
| under the program | | | |
+--------------------+-----------------+----------------+--------------------+
| Accumulated under | 2,623,134 | 36.1196 | 99,992,923 |
| the buyback | | | |
| program | | | |
+--------------------+-----------------+----------------+--------------------+


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.

Please see the stock exchange announcement published on 30 October 2025, which
is available at www.newsweb.no, for more information about the buyback
program.

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

This announcement contains information that is subject to disclosure
requirements pursuant to the Market Abuse Regulation and section 5-12 of the
Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

666099_Trade File SATS ASA Buybacks 18 02 2026.pdf