Måsøval AS - Ruling issued in appeal case regarding compensation for misdiagnosis

19 Sep 2024 19:36 CEST

19.9.2024 19:36:22 CEST | Måsøval AS | Non-regulatory press releases

Reference is made to the press release dated February 5, 2024, stating that
Måsøval AS filed a lawsuit against the state claiming compensation of NOK 29.8
million for the losses incurred by the company after one of the production sites
(Kattholmen) was misdiagnosed with PD SAV3 in August 2019. Further reference is
made to the announcement on December 29, 2023, stating that Måsøval was awarded
compensation for the misdiagnosis by the district court. Both parties appealed
the case, and the appeal hearings were held from June 13th to 20th 2024.

The verdict of the Frostating Court of Appeal was issued on September 19, 2024.
Måsøval was awarded NOK 2.3 million in compensation but was required to cover
legal costs.

CEO Helge Kvalvik comments: "We are disappointed with the court's conclusions
and disagrees with them. We will carefully review the ruling and discuss it with
our consultants before providing further comments."



CONTACTS

* Helge Kvalvik, CEO, Måsøval AS, +47 979 79 772, helge.kvalvik@masoval.no

ABOUT MÅSØVAL AS

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of
operational experience. Located in Central Norway in the region west of
Trondheim, Måsøval has both significant farming operations at sea and inhouse
smolt production. Through its majority ownership in the processing and
distribution company Pure Norwegian Seafood AS, Måsøval is processing and
exporting high quality Atlantic salmon to a global marketplace.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847731/18247844/4990/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

628198_Download announcement as PDF.pdf