Proximar successfully transfers first fish to nursery

23 Mar 2023 08:53 CET

Bergen, Norway/Yokohama, Japan – 23 March 2023

Proximar Seafood announces that the first batch of fish (Atlantic salmon) has
been successfully transferred from the first feeding department to the nursery.

The nursery department has already been running for several weeks before
transfer of fish as part of our test and preparation procedure.

In total, Proximar has inserted four batches in the facility since the start of
production in October 2022. It is the first batch now moved to the nursery
department.

“Transferring our first batch of fish from the first feeding to the nursery
department is another important milestone for Proximar. The fish is performing
according to our expectations, and we are confident in the facility and the
team’s capabilities going forward,” says CEO Joachim Nielsen.

Construction of the facility is progressing according to schedule enabling the
company to run the fish farm according to the operational plan. With more than
88 per cent of the civil works finished, Proximar maintains the target of a
completed facility in 3Q 2023.

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 and production at the foot of Mount Fuji in Japan. The
company inserted its first batch in October 2022. 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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