Saga Pure: Cancellation of extraordinary general meeting

(Oslo, 15 December 2022) Reference is made to the extraordinary general meeting (EGM) in Saga Pure ASA (Saga Pure, OSE: SAGA) 19 December 2022 to consider the proposed demerger of NOK 500 million in cash to a new investment company focused on distressed assets.

The Board of Directors has decided to expand Saga Pure’s investment mandate to include distressed assets, and consequently the EGM will be cancelled.  The Board of Directors may propose a separate listing of a new investment company at a later stage.

ENDS

For additional information, please contact:

Martin Nes, Chairman of Board of Directors, +47 920 14 814

About Saga Pure | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within renewable energy, hydrogen, circular economy and CO₂-reduction.