SATS: Disclosure of large shareholding

Reference is made to the stock notice made public by SATS ASA (the "Company") on
16 February 2022 regarding the successful completion of the private placement
(the "Private Placement").

As further described in the stock notice, the Private Placement consists of two
separate tranches: one tranche with 17,176,338 offer shares ("Tranche 1") and a
second tranche with 13,623,662 offer shares ("Tranche 2"). Settlement for
Tranche 1 is expected to be on or about 21 February 2022. Following registration
of the share capital increase pertaining to Tranche 1 with the Norwegian
Register of Business Enterprises, the Company will have a share capital of NOK
402,522,770 divided into 189,422,480 shares, each with a nominal value of NOK

SATS Management Invest AS ("SMI") did not participate in the Private Placement
and upon registration of the share capital increase pertaining to Tranche 1,
SMI's holding of shares and voting rights in the Company will be reduced from
approximately 5.02% to approximately 4.56%. SMI has no other rights to shares
issued by the Company.

Investor Relations:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Martin Stenshall, Acting Finance and Investor Relations Manager, phone: +47 473
38 331