Saga Pure: Sale of Eilert Sundtsgate 39 AS

28 May 2026 18:08 CEST

(Oslo, Norway, 28 May 2026)

Saga Pure ASA (SAGA) (the "Company") has today entered into an agreement to sell
100% of the shares in Eilert Sundtsgate 39 AS ("EAS 39"), and indirectly the
property Eilert Sundts gate 39, and all shares in the operator Saga Hotel Oslo
AS ("SHO").

The transaction values the property at gross NOK 140 million and net NOK 135.4
million after tax deduction. In addition, the undisclosed buyer, which is not
related to the Company, will acquire the net working capital at closing.
Further, the Company will receive a dividend from SHO before closing. The net
working capital in the transaction and dividend distributed to the Company is
estimated to be approximately NOK 16-18 million. This amount corresponds to the
estimated gross economic value creation during the period the Company's
ownership period since the acquisition of EAS39 for NOK 135 million in December
2025, excluding transaction cost. Please note that this is an estimate and will
depend on the operation of SHO from this date until closing.

As part of the transaction, the Company will provide a loan to the buyers parent
company in the amount of NOK 70 million with a 24-month tenor at an interest
rate of 5% p.a. The borrower is a solid and reputable counterparty, and the loan
is also guaranteed by the borrower's parent company.

The transaction will be settled in cash and is expected to be completed on or
about 1 July 2026.

Based on the terms of the transaction and assuming face value of the loan, the
Company expects to recognize a gain of NOK 13-15 million in second quarter 2026,
depending on the operation of SHO in the second quarter 2026. The recognized
value of the shares in EAS 39 (including SHO) end of first quarter 2026 was NOK
136 million

For further information, please contact: Henrik A. Christensen, chairperson, +47
909 67 683

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation. This stock exchange notice was published by Eldar
Paulsrud, on the date and time as set out in the release. This information is
subject to the disclosure requirements under the EU Market Abuse Regulation art.
17 and Section 5-12 of the Norwegian Securities Trading Act.

Forward-looking statements: This announcement includes forward-looking
statements relating to Eilert Sundtsgate 39 AS, Saga Hotel Oslo AS, the sale and
other non-historical statements. These forward-looking statements are subject to
numerous risks, uncertainties and assumptions, and changes in market conditions.
Forward-looking statements reflect knowledge and information available at the
date they are made and speak only as of that date. Except as required by law,
the Company undertakes no obligation to update or revise publicly any forward
-looking statements, whether because of new information, future events or
otherwise. Readers are cautioned not to place undue reliance on such forward
-looking statements.

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