(Oslo, 12 January 2023) Espen Lundaas has been appointed interim Chief Executive Officer (CEO) of Saga Pure ASA (Saga Pure, OSE: SAGA) effective 15 January 2023, following Bjørn Simonsen's decision to step down. Lundaas comes from the position as Chief Financial Officer (CFO) of Saga Pure.

"Espen has served Saga Pure in different positions since 2013, brings extensive experience from finance and investments, and knows our portfolio of investments companies well, " says Martin Nes, Chairman of the Board of Directors.

Reference is made to the announcement 22 December 2022, regarding the resignation by Bjørn Simonsen. The Board of Directors has appointed Espen Lundaas as interim-CEO, and Tore Jakob Berg will take the position as interim-CFO. Berg currently serves as Chief Accounting Officer in the Saga Group.

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 with a broad investment mandate.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas, CFO, Saga Pure ASA, on 12 January 2023 at 08:45 CET.

https://news.cision.com/saga-pure-asa/r/saga-pure--espen-lundaas-appointed-interim-ceo,c3696449

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