Norway Royal Salmon ASA (NRS): Completion of the SalmoNor transaction and issue of shares

02 Nov 2022 15:32 CET

Reference is made to the agreement regarding the acquisition of the entire
shareholding in SalmoNor AS ("SalmoNor") between NTS ASA ("NTS") as seller, NRS
Farming AS ("NRS Farming") as buyer and Norway Royal Salmon ASA ("NRS") as
issuer of consideration shares, dated 11 January 2022, as amended by
supplementary agreements dated 28 April 2022 and 30 May 2022 (the "SalmoNor
Agreement") (the "SalmoNor Transaction").

The SalmoNor Transaction was completed today in accordance with the terms and
conditions set out in the SalmoNor Agreement the resolution from the general
meeting held on 30 June 2022. This entails inter alia that the share capital in
NRS will be increased by NOK 15,360,452 by issuing 15,360,452 new shares, each
with a nominal value of NOK 1.00, at a subscription price of NOK 265.18 per
share. Thus, the total subscription amount is NOK 4,073,284,661. The new shares
have been subscribed for by NTS. As contribution for the shares, NTS has
transferred to NRS a claim against NRS Farming in the amount of NOK
4,073,284,661 which arised in connection with the completion of the SalmoNor
Transaction.

For more information, please contact:

Paal Espen Johnsen, Chairman of the Board of Directors: +47 484 02 000

Charles Høstlund, CEO: +47 994 18 449

About Norway Royal Salmon:

The Norway Royal Salmon (NRS) group owns 36 455 tonnes MAB for salmon farming
located in Troms and Finnmark, and 21 800 tonnes MAB for salmon farming and 5
300 MAB for trout farming in Iceland through the company Arctic Fish. In
addition, the group has minority interest in two associated Norwegian fish
farming companies which together own nine fish farming licenses. NRS is an
attractively positioned fish farming group, which offers salmon to the market
through its own sales organisation.

For further details, please visit www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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