SATS ASA: Temporarily closure of 10 clubs in Bergen and 43 clubs in Oslo

Bergen and Oslo municipalities in Norway have today imposed a lock-down of all gyms, as a part of several measures to reduce social gatherings. SATS ASA (“the Company”) is in close dialogue with the health authorities and is following their advice on how to act and are thus closing the 10 clubs in Bergen from 7 to 23 November and the 43 clubs in Oslo from 10 November to 1 December.

The Company is not closing down the rest of the club portfolio, as good routines in line with the local infection control rules are implemented in all countries, including improved hygiene protocols, increased staffing, guiding of members and reduced group training capacity. It is safe to visit SATS’ clubs. There is enough space at fitness clubs to enable social distancing, and there have been very few outbreaks in this industry.

Investor Relations:

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

Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259

Press:

Malin Selander, Head of Communication & PR, phone: +46 70 426 40 06