SATS ASA: Update on the temporary closure of clubs

Reference is made to the stock exchange announcements related to the club closures published on 6 November, 9 November and 26 November from SATS ASA (“the Company”).

SATS continues to follow local authorities’ advices on how to act. The Danish government has today imposed a lock-down of all fitness clubs in 38 selected municipalities with effect from 9 December 2020 to 3 January 2021. The Company will thus close all 30 clubs in Denmark in the period.

Ullensaker and Bergen municipalities in Norway have, on the other hand, lifted the imposed lock-downs, and SATS’ 12 clubs in these two municipalities have now reopened in a safe and controlled manner.

SATS is more than ready to reopen the clubs in Norway and Denmark again when allowed by the authorities, and to continue contributing to improving the public health.

Investor Relations:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259

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