Grieg Seafood ASA: Share buy-back

21 Dec 2022 09:12 CET

On 9 June 2022, Grieg Seafood ASA's annual general meeting authorized the board
of directors of Grieg Seafood ASA (the "Company") to let the Company acquire its
own shares up to an aggregate nominal value of NOK 45,378,817 in accordance with
the provisions of section 9 of the Norwegian Public Limited Liability Companies
Act. The resolution has been registered with the Norwegian register for business
enterprises on 28 June 2022. According to the resolution, the minimum price that
can be paid for shares is NOK 4, and the maximum price is NOK 240. The
authorization is valid until the earlier of (i) the next annual general meeting
and (ii) 30 June 2023.

The Board has now decided to introduce a share buy-back program of up to NOK 30
million starting with immediate effect (the "Share buy-back").

The purpose of the Share buy-back is to re-increase the number of own shares
held as the Company has used own shares in connection with its share saving
program for employees (e.g. as announced with stock exchange releases on
19 December 2022 and 17 November 2021).

The Company has engaged with a third party who will manage and carry out the
share repurchases on the Oslo Stock Exchange Euronext. The third party will make
its trading decisions independently of the Company. The Share buy-back will be
conducted in accordance with Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse
Regulation) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour
Regulation), as applicable, as well as the Norwegian Securities Trading Act and
the Oslo Stock Exchange's Guidelines for buy-back programs and price
stabilization February 2021.

The Share buy-back is planned to be finalized by 31 December 2022.

For enquiries, please contact:
Atle Harald Sandtorv, CFO Cell phone +47 908 45 252


About Grieg Seafood
Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are in
Finnmark and Rogaland in Norway, and British Columbia as well as Newfoundland in
Canada. Our headquarter is located in Bergen, Norway. Grieg Seafood ASA was
listed at the Oslo Stock Exchange in June 2007. More than 750 people work in the
company throughout our regions.

Sustainable farming practices are the foundation of Grieg Seafood's operations.
The lowest possible environmental impact and the best possible fish welfare is
both an ethical responsibility and drive economic profitability. Towards 2026,
we aim for global growth, cost improvements and to evolve from a pure salmon
supplier to an innovation partner for selected customers.

To learn more, please visit www.griegseafood.com.


This information is publicly disclosed in accordance with section 5-12 of the
Norwegian Securities Trading Act as well as the Regulation (EU) No 596/2014 of
the European Parliament and of the Council of 16 April 2014 on market abuse
(market abuse regulation).

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