Nordic Aqua Partners A/S - Private placement successfully placed

09 Feb 2023 20:01 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,
JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES
NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcements made by Nordic Aqua
Partners A/S ("NOAP" or the "Company") on 7 February 2023, regarding the
intention to carry out a private placement (the "Private Placement") of new
shares in the Company.

Following close of the bookbuilding period, the Company is pleased to announce
that the Private Placement has been successfully placed, and that its Board of
Directors (the "Board") has conditionally allocated subscriptions for 4,615,384
offer shares (the "Offer Shares") at a subscription price per share of NOK 65
(the "Offer Price"), raising approximately NOK 300 million in gross proceeds.

The pre-committing investors Kontrari AS and Israel Corporation Ltd. were
conditionally allocated 2,751,670 and 1,375,835 Offer Shares respectively,
corresponding to NOK 179 million and NOK 89 million.

The net proceeds to the Company from the Private Placement will be used to
accelerate the Company's project to expand the production capacity of Atlantic
salmon from 4,000 tonnes p.a. to 8,000 tonnes p.a. at the facilities in China,
as well as for general corporate purposes.

Completion of the Private Placement is subject to the conditions set out in the
launch notice on 7 February 2023, including the necessary corporate resolutions
and that the Offer Price is not below fair-market value at the time of such
resolutions.

Upon satisfaction of the above, the Private Placement will be settled on a
delivery versus payment basis (unless agreed otherwise with an investor), to be
facilitated by a share lending agreement with Kontrari AS, as set out in the
notice on 7 February 2023.

Notification of conditional allocation, including settlement instructions, is
expected to be distributed by the Managers (as defined below) on or about 10
February 2023, with settlement on or about 3 March 2023.

Advisors

Pareto Securities AS and SpareBank 1 Markets AS are acting as Joint Managers and
Joint Bookrunners in connection with the Private Placement (the "Managers").

Poul Schmidt Kammeradvokaten is acting as Danish legal advisor to the Company
and Wikborg Rein Advokatfirma AS is acting as Norwegian legal advisor to the
Company in connection with the Private Placement, while Advokatfirmaet Schjødt
AS is acting as legal advisor to the Managers.

For further queries, please contact:

Hjalti Hvítklett, CFO, +298 221222, hjalti@nordicaquapartners.com

ABOUT NORDIC AQUA PARTNERS

Nordic Aqua Partners is a Nordic land-based salmon farming company, using
cutting-edge Nordic technology and expertise to set up the first fully
integrated and commercially scaled Recirculating Aquaculture System (RAS) farm
for Atlantic salmon located in Ningbo, China. With operations in place, Nordic
Aqua Partners will be the first local producer of truly sustainable and fresh
salmon to the Chinese market. The current business plan is for an annual
production of 20,000 tonnes HOG. Nordic Aqua Partners A/S is listed at Euronext
Growth under the ticker NOAP.

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

Important Notice

The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia). This release is an announcement issued pursuant to
legal information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued
for information purposes only and does not constitute or form part of any offer
or solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. The Company does not intend to register
any portion of the offering of the securities in the United States or to conduct
a public offering of the securities in the United States. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States.

The issue, subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Managers assume any responsibility in the event there is a
violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this release comes should inform themselves
about and observe any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction.

The Managers are acting for the Company and no one else in connection with the
Private Placement and will not be responsible to anyone other than the Company
providing the protections afforded to their respective clients or for providing
advice in relation to the Private Placement and/or any other matter referred to
in this release.

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements.

More information:
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581930_Release.pdf