On 10 December 2020, SATS Management Invest AS ("SMI") transferred 444,545
shares in SATS ASA (the "Company") to HFN Group AS ("HFN") as partial repayment
of loans granted by HFN to SMI. The repayment is based on a price per share of
NOK 17.81, which is equal to the volume-weighted average price of the Company's
shares on the Oslo Stock Exchange in the period from 4 November 2020 to (and
including) 12 November 2020. Following the transaction, HFN holds 444,545 shares
in the Company.
HFN is close associate of AF III HoldCo AS, which is represented on the
Company's board of directors by Hugo Lund Maurstad.
This information is subject to the disclosure requirements pursuant to section
4-2 of the Norwegian Securities Trading Act.
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259