AKVA group ASA: Letter of Intent with Cermaq Chile

22 Oct 2024 08:00 CEST

AKVA group ASA ("AKVA") is pleased to announce that a Letter of Intent ("LOI")
has been awarded from Cermaq Chile S.A ("Cermaq") related to a RAS contract for
the new smolt facility in the Los Lagos Region in Chile. AKVA will start with
engineering and site work during Q4 2024.

The value of the contract linked to the LOI is approximately MEUR 30. The final
contract is expected to be awarded from Cermaq during Q4 2024.


Dated: 22 October 2024
AKVA group ASA

 Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

E-mail: knesse@akvagroup.com


Ronny Meinkøhn Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

E-mail: rmeinkohn@akvagroup.com

***

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by Ronny Meinkohn (CFO) (contact details as set out
above) on 22 October 2024 at 08:00 CET.

About AKVA group ASA

AKVA group ASA is a global technology and  service partner that deliver
technology and  services  that  helps  solve  biological  challenges within the
aquaculture industry.  Good operational performance and  fish welfare ensures
sustainability and  profitability  for  the  customer.  This  is  the premise
for everything we deliver, from single components to services and complete
installations. In-depth aquaculture  knowledge, extensive experience and  a high
capacity for innovation characterizes  and enables us to deliver the  best
solutions for both land based and sea based fish farming.

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