SATS has decided to temporarily close all clubs

SATS ASA (“the Company”) has decided to temporarily close all clubs as a precautionary measure to contribute to limit the contagion of COVID-19. As a market leader in the Nordics, it is important for SATS to take an extended responsibility and contribute to the overall public health, also in a difficult situation like this. The decision is in line with the Company’s vision of making people healthier and happier.

The close-down will be effective from today at 12pm CET and will initially last for 14 days, and all memberships are put on hold. Duing this period, we will continue our aim to make people healthier and happier by offering all our members Online Training so everyone can keep their healthy habits. We will update our members continuously on www.sats.no/Corona.

The Company does not have any estimates of the financial effects as per now, but will come back to the market with more details as soon as the operational situation is taken care of.

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