Statt Torsk ASA – Third quarter 2022 Financial report

11 Nov 2022 08:00 CET

On track to deliver stable and predictable volumes year around

Operational highlights in the quarter:
• Sales agreement for 1,600 tons WFE, value approx. 75 MNOK
• Growth and biology developing according to plan
• Rekvika granted 3 new licenses expansion from 3 to 6 MABs.
• After the end of the quarter 4 new licenses were granted at Apalset.
• Secured biomass overdraft facility from large Norwegian bank of 35 MNOK
• Signed 12 months time charter for wellboat
• First Harvest at Western Seaproducts at Vartdal

Statt expects to harvest 500-550 tons in Q4 22 and 4,500 tons in 2023.

Gustave Brun-Lie, CEO of Statt Torsk ASA (“Statt”) comments: “Several building
blocks came into place during Q3. The biological production is progressing
according to plan, we have secured capacity on wellboat transportation, we
harvested our first batches at Western Seaproducts and we secured a large sales
agreement.”

Including the recent license award at Apalset, Statt Torsk ASA has 3 production
sites in Stad municipality with a total of 12 licenses/MAB 9,360 tons. Target
for the Statt cluster is 24 licenses at 4-6 sites, and a total production of
12.000 tons.

For more information, contact:

Gustave Brun-Lie, CEO, gbl@statt.no
Bjug Borgund, CFO, bb@statt.no

About Statt Torsk ASA
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 has currently two sites in
production.

This stock exchange announcement was published by Bjug Borgund, CFO in Statt
Torsk ASA, on 11 November 2022 at 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

575480_Statt Torsk Financial Report Q3 2022.pdf