Minutes from extraordinary general meeting

Oslo, 10 March 2022: Reference is made to the stock exchange announcement by SATS ASA (“SATS” or the “Company”) published on 16 February 2022 regarding the successful completion of a private placement of new shares (the “Private Placement”). The Private Placement is divided into two tranches (Tranche 1 and Tranche 2), of which Tranche 1 is already completed.

An extraordinary general meeting of the Company was held today, 10 March 2022, at the Company’s headquarter at Nydalsveien 28, 0484 Oslo, Norway. The extraordinary general meeting resolved to allocate and issue the 13,623,662 new shares required for the completion of Tranche 2. The minutes from the extraordinary general meeting is attached to this stock exchange notice.

Tranche 2 will be completed following the registration of the share capital increase pertaining to Tranche 2 in the Norwegian Register of Business Enterprises.

Link to the stock announcement