SATS ASA - Mandatory notification of trade

On 5 October 2021, Funkybiz AS, controlled by Hugo Lund Maurstad acquired
500,000 shares in SATS ASA at an average price of NOK 20.525 per share. Hugo
Lund Maurstad is a primary insider and the Chairman of the Board of SATS ASA.
Following the transaction, Funkybiz AS holds 1,100,000 shares in SATS ASA.

See attachment for further details.

This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.

Investor Relations: Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195

Martin Stenshall, Finance and Investor Relations Manager, phone: +47 473 38 331