Statt Torsk ASA enters into long-term processing agreement

05 Jul 2022 16:30 CEST

Statt Torsk ASA has today entered into a long-term agreement for the harvesting
and processing of up to 3,500 tons of cod per year, with Western Seaproducts AS,
a company owned by Måsøval AS, at the facility located at Vartdal. As from
September 2022, we plan to process our entire production up to 31 December 2024
at Western Seaproducts AS.

CEO of Statt Torsk ASA, Gustave Brun-Lie, says: “We are extremely pleased to
enter into this agreement. This is a cornerstone in our aim to control all parts
of the value chain of our production. The long-term experience for quality
harvesting, which exists at the plant and with its owners, enables us to offer
the predictability of quality and on-time deliveries required by our customers.”

The Chairman of Western Seaproducts AS, Asle Rønning, adds: "A long-term
harvesting and processing agreement with Statt Torsk ASA, as a key customer
along with Måsøval AS, will ensure continued activities at our processing
facility in Vartdal for the years to come. This is very good news for
maintaining and creating long-term job opportunities in Vartdal, as we will now
also seek to increase our staff with further employees. All in all this is a
great solution for both Westen Seaproducts AS, Statt Torsk ASA and Måsøval AS."

For more information, contact:
Gustave Brun-Lie, CEO, gbl@statt.no
Bjug Borgund, CFO, bb@statt.no

About Statt Torsk AS: Statt Torsk ASA is listed on Euronext Growth Oslo with
ticker “STATT” and with operations in Stad municipality. The company produces
and sells farmed Atlantic cod. In 2016-2021, the company carried out three pilot
productions to clarify whether commercial production was possible. STATT is now
in commercial production with currently two sites in Vanylvsfjorden.

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