Saga Pure ASA – resolution to increase the share capital – exercise of share options

Saga Pure ASA (the "Company") has previously granted share options to certain of its employees

The Company has received notices of exercise of 5,000,000 share options. The share options hold a strike price of NOK 1.2 per option, which includes an adjustment of the strike price following dividend distributions since the grant of the share options.

The Board of Directors has today resolved a share capital increase of NOK 50,000 through issuance of 5,000,000 new shares in order to satisfy the Company's obligation to deliver shares following exercise of share options. The new shares have been issued based on an authorization to increase the share capital granted to the Board of Directors on 30 May 2022.

Following completion of the share issuance, the share capital of the Company will be NOK 4,848,784.23 divided by 484,878,423 shares, each with a par value of NOK 0.01.

For further information please contact: CEO Espen Lundaas, +47 92 43 14 17

This information is subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act