AKVA group ASA: Land Based contract signed

07 Feb 2023 07:30 CET

With reference to the stock notice of November 20 2020 AKVA group ASA (AKVA) is
currently executing a RAS contract for Nordic Aqua Partners (NOAP) for the
4,000 tonnes (phase 1) full grow-out facility in Ningbo, China.

AKVA has now been awarded a new RAS contract with NOAP for the next 4,000 tonnes
(phase 2). Estimated contract value is EUR 40 million and the contract will be
added to AKVA's order backlog in Q1 2023.

AKVA has also signed the RAS contract for the additional 12,000 tonnes if NOAP
decides to realise the project.

Dated: 7 February 2023
AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

E-mail: knesse@akvagroup.com


Ronny Meinkøhn Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

E-mail: rmeinkohn@akvagroup.com

***

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by Ronny Meinkohn (CFO) (contact details as set out
above) on 7 February 2023 at 07:30 CET.

About AKVA group ASA

AKVA group ASA is a global technology and  service partner that deliver
technology and  services  that  helps  solve  biological  challenges within the
aquaculture industry.  Good operational performance and  fish welfare ensures
sustainability and  profitability  for  the  customer.  This  is  the premise
for everything we deliver, from single components to services and complete
installations. In-depth aquaculture  knowledge, extensive experience and  a high
capacity for innovation characterizes  and enables us to deliver the  best
solutions for both land based and sea based fish farming.

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