Last day of bookbuilding period for the Private Placement and application period in the Norwegian Retail Offering

06 Dec 2022 08:00 CET

6 December 2022

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PLEASE SEE "IMPORTANT INFORMATION" AT THE END OF THE PRESS RELEASE.

Benchmark Holdings plc
(“Benchmark”, the “Company” or the “Group”)

Last day of bookbuilding period for the Private Placement and application period
in the Norwegian Retail Offering

Reference is made to the announcement by the Company on 30 November 2022
regarding the terms of a contemplated private placement of shares (the "Private
Placement") and retail offering (the "Norwegian Retail Offering") in connection
with the admission to trading of the Company's shares on Euronext Growth Oslo.
Reference is further made to the two announcements by the Company on 1 December
2022 of the start of the bookbuilding period for the Private Placement,
application period for the Norwegian Retail Offering and publication of a
Norwegian national prospectus; and on the status of the bookbuilding process.

The bookbuilding period for the Private Placement and the application period for
the Norwegian Retail Offering will expire at 17:30 hours (CET) today, 6 December
2022.

Further details of the Norwegian Retail Offering and the terms thereof are set
out in the national prospectus dated 30 November 2022, which, subject to
regulatory restrictions in certain jurisdictions, is available at
www.benchmarkplc.com/investors/oslo-listing/ and on the websites of each of DNB
Markets, a part of DNB ASA at www.dnb.no/emisjoner and Pareto Securities AS at
www.paretosec.com/transactions.

The capitalised terms used in this announcement have the meaning set out in the
"Private Placement and Retail Offering" announcement made by the Company at 7.01
a.m. GMT on 30 November 2022.

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are acting as
joint global coordinators and joint bookrunners in the Private Placement.
Advokatfirmaet Wiersholm AS and Travers Smith LLP are acting as legal counsel to
the Company (advising on Norwegian and English law, respectively), while
Advokatfirmaet BAHR AS is acting as legal counsel to the Managers.

Enquiries:

Via benchmark@mhpc.com to:

Chief Executive Officer
Trond Williksen

Chief Financial Officer
Septima Maguire

Investor Relations
Ivonne Cantu

MHP
Tel: + 44 20 3128 8004

Numis (Broker and NOMAD)
James Black, Freddie Barnfield, Duncan Monteith
Tel: +44 20 7260 1000

About Benchmark
Benchmark is a market leading aquaculture biotechnology company. Benchmark's
mission is to drive sustainability in aquaculture by delivering products and
solutions in genetics, advanced nutrition and health which improve yield, growth
and animal health and welfare. Through a global footprint in 26 countries and a
broad portfolio of products and solutions, Benchmark addresses the major
aquaculture species - salmon, shrimp, sea bass and bream, and tilapia, in all
the aquaculture regions around the world. Find out more at www.benchmarkplc.com.

Important Notice
Neither this announcement, nor any copy of it, may be taken or transmitted,
published or distributed, directly or indirectly, in or into the United States
or any other jurisdiction where to do so would constitute a violation of the
relevant securities laws of such jurisdiction. This announcement is for
information purposes only and does not constitute an offer to sell or issue, or
the solicitation of an offer to buy, acquire or subscribe for any shares in the
Company in the United States or any other state or jurisdiction in which such
offer or solicitation is not authorised or to any person to whom it is unlawful
to make such offer or solicitation. Any failure to comply with these
restrictions may constitute a violation of securities laws of such
jurisdictions.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or under the securities laws of any state or other jurisdiction of the
United States and may not be offered, sold, pledged or otherwise transferred,
directly or indirectly, within the United States, except pursuant to an
applicable exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and in compliance with any applicable U.S.
state securities laws or other jurisdiction of the United States. There will be
no public offer of the securities referred to herein in the United States.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended (together with any
applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
falling within Article 49(2)(a) to (d) of the Order and other persons to whom
this announcement may lawfully be communicated (all such persons together being
referred to as "relevant persons"). This communication must not be acted on or
relied on by persons who are not relevant persons. Any investment or investment
activity to which this communication relates is available only for relevant
persons and will be engaged in only with relevant persons. Persons distributing
this communication must satisfy themselves that it is lawful to do so.

All offers of the New Shares in the United Kingdom will be made pursuant to an
exemption from the requirement to produce a prospectus under the UK Prospectus
Regulation.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict, and are beyond their control. Such
risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company does not make any
guarantee that the assumptions underlying the forward-looking statements in this
announcement are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
events. You should not place undue reliance on the forward-looking statements in
this announcement.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.

Neither the Manager nor any of its affiliates makes any representation as to the
accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein. This announcement is made by, and is the responsibility of, the Company.
The Managers and their affiliates are acting exclusively for the Company and
no-one else in connection with the transactions described in this announcement.
They will not regard any other person as their respective clients in relation to
the transactions described in this announcement and will not be responsible to
anyone other than Benchmark, for providing the protections afforded to their
respective clients, nor for providing advice in relation to the transactions
described in this announcement, the contents of this announcement or any
transaction, arrangement or other matter referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the Manager
nor any of its affiliates accepts any liability arising from the use of this
announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

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