Nordic Halibut AS – Share lending by closely associated party of primary insiders

06 Dec 2023 14:22 CET

Averøy, Norway, 6 December 2023

Reference is made to the stock exchange notice published by Nordic Halibut AS
(the "Company") 5 December 2023, regarding the successful placing of a private
placement of new shares in the Company (the "Private Placement"). To facilitate
settlement on a delivery versus payment basis, a delivery of existing and
unencumbered shares in the Company already admitted to trading on Euronext
Growth Oslo was made available on 5 December 2023 to Pareto Securities AS and
SpareBank 1 Markets AS (the "Managers") by shareholders Kontrari AS and Kontrazi
AS (the Share Lenders") pursuant to a share lending agreement between the Share
Lenders, the Company and the Managers(the “Share Lending Agreement”).

Pursuant to the Share Lending Agreement, and for the purposes stated above, the
Share Lenders has lent out 9,661,835 shares to the Managers, distributed with
4,830,918 shares from Kontrari AS, and 4,830,917 shares from Kontrazi AS. The
shares will be redelivered to the Share Lenders following registration of the
share capital increase pertaining to the Private Placement.

The Share Lenders are close associates of primary insiders in the Company and
board members Vegard Gjerde and Jan Erik Sivertsen.

This information has been announced in accordance with the Market Abuse
Regulation article 19.

For more information, please contact:

CEO Edvard Henden, edvard@nordichalibut.no, tel: +47 91 14 11 65
CFO Kenneth Meyer, kenneth.meyer@nordichalibut.no, tel: +47 45 21 24 24

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