Saga Pure: Sale of BCS shares to European Investor

(Oslo, 13 December 2021) Saga Pure ASA (Saga Pure, OSE: SAGA) today announces the sale of one million shares in Bergen Carbon Solutions AS (Bergen Carbon Solutions) to a tier-1 European institutional investor for NOK 50 per share.

“Saga Pure was approached by an investor seeking an equity stake in Bergen Carbon Solutions, and has sold one million shares to an institutional investor on the European mainland, “ says Bjørn Simonsen, Chief Executive Officer of Saga Pure.

Following the divestment, Saga Pure holds 9,454,000 shares in Bergen Carbon Solutions, corresponding to 25.3% of the company.

Saga Pure ASA is closely associated with Bjørn Simonsen, board member and primary insider in Bergen Carbon Solutions.

Attached is details for the transaction.

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 97 17 98 21

Espen Lundaas, CFO, +47 92 43 14 17

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.

This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 article 19, no. 3, and section 5-12 of the Norwegian Securities Trading Act.