Oslo, 27 September 2022: As part of the process to liquidate SATS Management
Invest AS ("SMI"), as described in section 13.3 of the prospectus published in
connection with the initial public offering of shares in SATS ASA (the
"Company") and the related listing on the Oslo Stock Exchange, SMI has
transferred 395,120 shares in the Company to HFN Group AS ("HFN") as partial
repayment of loans granted by HFN to SMI, and 58,490 shares in the Company to
certain of its other shareholders, none of which are primary insiders of the
Company. The price per share used in the transactions was NOK 15.055, which is
equal to the volume-weighted average price of the Company's shares on the Oslo
Stock Exchange during the seven trading days period following the publication of
the Company's report for the first quarter of 2022 (3 May 2022 to (and
including) 11 May 2022).
SMI is a closely related party of the primary insiders Cecilie Elde (the
Company's CFO) and Sondre Gravir (the Company's CEO).
Please refer to the attached notification of trading for further details.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.