Arctic Fish Holding ASA (AFISH): Q1-23 Trading update

18 Apr 2023 06:30 CEST

Harvested volumes for the first quarter of 2023 were 4.9 thousand tonnes gutted
weight.

The Operational EBIT pr kg was 23 NOK.

The Net Interest Bearing Debt (ex IFRS 16 effects) at the end of the quarter was
889 MNOK.

A Q1 management summary report will be released on the 10th of May 2023 at 06:30
CET.

For further information, please contact: CFO Neil Shiran Thorisson, +354 8315300

Arctic Fish in brief

Arctic Fish (AFISH) has 27 100 tonnes of Maximum Allowed Biomass licenses (MAB)
to farm salmon and trout. The licenses are in the Westfjords of Iceland. Out of
the total license volume, 5 300 tonnes are for trout, which are not currently
being utilized and will be converted to salmon licenses in the ongoing
application
process. Arctic Fish is one of the leading salmon farmers in Iceland and has an
attractive and sustainable setup of licenses with active licenses in 4
fjords and applications being finalized in one additional fjord that can bring
the total volume up to 31 900 tonnes in the coming years. The company owns a
state-of-the-art RAS hatching and smolt production that is the foundation of the
operations. Further investments are being made in smolt production and
harvesting that will contribute to the future growth of the company.

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

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