Grieg Seafood ASA: Update on the Norwegian resource tax proposal

28 Mar 2023 09:15 CEST

Reference is made to the stock exchange release sent on 28 September 2022, as
well as the press release issued by the Norwegian Government on 28 March 2023.

The Norwegian Government has reviewed the comments from the public hearing and
sent an amended proposal to the Norwegian Parliament. The Government is
suggesting to reduce the tax from 40 percent to 35 percent, and tax profits
above 70 million NOK. The Parliament is expected to discuss the proposal and
enact the law before July 2023. Thus, the Parliament may still make changes to
the proposal which has now been published.

When the law has been enacted by the Parliament, Grieg Seafood will assess how
the tax will impact the Group's strategy and investments.


About Grieg Seafood ASA

Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are in
Rogaland and Finnmark in Norway, as well as British Columbia and 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 800 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 (http://www.griegseafood.com).

More information:
Access the news on Oslo Bors NewsWeb site