SATS ASA: Amendment to the existing revolving credit facility

SATS ASA ("the Company") is experiencing a temporary increased leverage due to
reduced EBITDA during the COVID-19 related club closure in Q1 and Q2 2020. The
Company has, as previously communicated, been in close dialogue with the bank to
find solutions for the revolving credit facility with a leverage covenant of
4.25x Adjusted LTM EBITDA until 6 September 2021 and 4.00x thereafter. SATS is
pleased to have signed an agreement to amend the NOK 2,500 million facility.

The new financial covenants applicable in the amendment period are minimum
levels for LTM EBITDA and maximum levels for CAPEX per quarter. SATS will not
distribute any dividend to the shareholders during the amendment period, ending
on 30 June 2021. The margin under the facility will be adjusted based on the
quarterly thresholds for LTM EBITDA and CAPEX. The Company shall be compliant
with the original covenants after the end of the amendment period.

Investor Relations:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259

Malin Selander, Head of Communication & PR, phone: +46 70 426 40 06