Salmon Evolution ASA: Q2 2024 Operational update

05 Jul 2024 07:00 CEST

Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) had an
all-time high harvest volume and strong price realization in Q2 2024.

Highlights:

· Harvest volume of 1,581 tonnes HOG.
· All-in price realization of NOK 106/kg.
· Continued excellent superior grade share of 96 %.
· Standing biomass of 2,032 tonnes LW end of quarter.
· Expecting Q3 2024 harvest volumes of ~1,600 tonnes HOG.

"The second quarter represents a major milestone for Salmon Evolution with
harvest volumes at all-time high levels in a record strong salmon market. We are
very pleased to see a continued excellent superior grade share of 96%, resulting
in solid price realization and further demonstrating the potential in our
business", CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said.

For further details on operational performance in Q2, please refer to the
attached presentation.

The Q2 and first half 2024 report will be published 15 August 2024.

For further information, please contact:

Trond Håkon Schaug-Pettersen, CEO

thsp@salmone.no

+47 91 19 13 27

Trond Vadset Veibust, CFO

tvv@salmone.no

+47 48 09 05 95

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 is listed on Oslo Børs under the ticker SALME. To learn more,
please visit www.salmonevolution.no

More information:
Access the news on Oslo Bors NewsWeb site

623112_SALME_Q2_2024_Operational_update.pdf