Salmon Evolution ASA: Mandatory notification of trade

18 Jun 2024 23:59 CEST

18 June 2024: Reference is made to the stock exchange notice by Salmon Evolution
ASA (the "Company") on 18 June 2024 regarding the successfully placed private
placement of 48,666,666 new shares (the "Offer Shares") in the Company at a
subscription price of NOK 7.50 per share (the "Offer Price"), raising gross
proceeds of approximately NOK 365 million (the "Private Placement").

The following primary insiders (PDMRs) in the Company and close associates of
PDMRs were allocated Offer Shares in the Private Placement at the Offer Price as
follows:

· Ronja Capital AS, a company closely associated with Tore Tønseth, Chair of
the board of the Company, was allocated 2,266,666 Offer Shares;
· Bondø Invest AS, a company closely associated with Vibecke Bondø, board
member of the Company, was allocated 2,666,666 Offer Shares;
· Dongwon Industries, a company closely associated with Eunhong Min, board
member of the Company, was allocated 1,888,266 Offer Shares;
· Stette Invest AS, a company closely associated with Peder Stette, board
member of the Company, was allocated 666,666 Offer Shares;
· Jawendel AS, a company closely associated with Jan-Emil Johannessen, board
member of the Company, was allocated 133,333 Offer Shares;
· Troha Invest AS, a company closely associated with Trond Håkon Schaug
-Pettersen, CEO of the Company, was allocated 100,000 Offer Shares;
· Trollkyrkja AS, a company closely associated with Trond Vadset Veibust, CFO
of the Company, was allocated 35,000 Offer Shares; and
· Anno Invest AS, a company closely associated with Odd Frode Roaldsnes, CCO
of the Company, was allocated 25,000 Offer Shares.

Please find the PDMR notifications pursuant to the Market Abuse Regulation
article 19 attached to this announcement.

For further information, please contact:

Trond Håkon Schaug-Pettersen, CEO: +47 911 91 327

Trond Vadset Veibust, CFO: +47 480 90 595

About Salmon Evolution

Salmon Evolution is the global leader within land-based salmon farming with a
clear roadmap for 100,000 tonnes HOG annual production capacity. Pioneering the
hybrid flow-through system (HFS), Salmon Evolution is Extending the Ocean
Potential by creating optimal growth conditions in a controlled environment on
land. This approach, capturing the benefits of both land-based and sea-based
farming, puts biology first and limits operational and biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture
industry on the west coast of Norway, where the Company has its first facility
and global centre of excellence fully operational at industrial scale. Enabled
by the proof of concept in Norway, Salmon Evolution targets significant
international expansion.

Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.

To learn more, please visit www.salmonevolution.no

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities
Trading Act section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

621833_PDMR_notifications_primary_insiders.pdf