Nordic Aqua Partners A/S - Redomiciliation from Denmark to Norway

29 Mar 2023 23:08 CEST

Reference is made to Nordic Aqua Partners A/S' ("NOAP A/S" or the "Company")
first quarter report dated 2 June 2022 where the Company stated its intent to
redomicile from Denmark to Norway.

With the Company's shares being traded on Euronext Growth Oslo, and considering
the Company's limited activity in Denmark, it is the assessment of the Company's
Board of Directors that such redomiciliation will make the share more attractive
to investors and thus contribute to improving NOAP's access to capital.

The Boards of Directors of the Company and the Norwegian company Nordic Aqua
Partners AS ("NOAP AS") have therefore today signed a joint plan for the cross
-border merger of the two companies with NOAP AS as the surviving entity. NOAP
AS is currently an empty shelf company. Upon completion of the merger, the
Company's business will be continued in NOAP AS as a Norwegian private limited
liability company.

The merger will be completed in accordance with the provisions of chapter 13 of
the Norwegian Private Limited Liability Companies Act and chapter 16 of the
Danish Companies Act. Upon completion of the merger the Company's business,
including all assets, rights and obligations, will be transferred to NOAP AS,
and the shareholders in the Company will as consideration receive one share in
NOAP AS for each share held in the Company. The shares in NOAP AS will be listed
on Euronext Growth Oslo.

Completion of the merger is subject to customary conditions being fulfilled,
including approval by the general meeting of each of the merging companies.

The changes to company's legal structures have no implications for existing
shareholders.

Any shareholder of the Company voting against completion of the merger at the
general meeting is entitled to require its shares redeemed by the Company at
market value. Further details on the procedure for such redemption will be
announced later.

For further information please contact:

Hjalti Hvítklett, CFO Nordic Aqua Partners

E-mail: hjalti@nordicaquapartners.com

Tel: +298 221222

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.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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