Proximar: New Share Capital Registered Following Conversion of Parts of Convertible Bond

01 Mar 2023 12:36 CET

1 March 2023: Reference is made to the stock exchange notice published 28
February 2023 regarding conversion of parts of the convertible bond ("Bonds")
with ISIN NO0012733387 issued by Proximar Seafood AS (the “Company”).

The share capital increase pertaining to the conversion of 1,700,000 Bonds has
been registered in the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). Following such share capital increase, the Company's share
capital is NOK 4,012,765 consisting of 40,127,650 shares each with a par value
of NOK 0.1. The new shares pertaining to the share capital increase are expected
to be recorded in the VPS later today.

For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
Pål K. Grimsrud, CFO, +47 99 47 75 99, pkg@proximar.com

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility currently initiating production at the foot of Mount Fuji in
Japan. Through land-based fish farming, using high-quality ground water secured
close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested
the same day. Proximar’s location, near one of the world’s most important fish
markets, implies significant advantages, both in terms of reduced cost and
carbon footprint.

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