License for 10,000 tonnes of sterile salmon in Ísafjarðardjúp has been revoked

29 Oct 2024 20:20 CET

Bíldudalur, 29th of October

Icelandic salmon has been informed that the Environmental and Natural Resources
Board of Appeal has ruled that the Icelandic Food and Veterinary Authority
(MAST) did not provide a comprehensive, weighted assessment of the potential
increased risk of the spread of fish diseases and parasites before issuing a
license to Arnarlax for farming of sterile salmon in Ísafjarðardjúp. As a
consequence, the license, which was originally awarded on 14 June 2024, has been
revoked. The Board of Appeal did also address the maritime safety

"This is unfortunate but will not affect our longterm guideance for production
of fertile salmon on current licenses. We are now going over the ruling and will
work with MAST on the next steps," says CEO Bjørn Hembre

According to the ruling, such assessment of potential risk is a necessary
precondition for licenses in areas where the distance between fish farming sites
is less than 5 km. The Board of Appeal also addressed maritime safety issues
concerning one of the three sites. Arnarlax will work with authorities and MAST
on these matters and perform the necessary assessment in order for the license
to be reissued.

Icelandic Salmon want to emphasize that no fish farming operations have started
in Ísafjarðardjúp and therefore, the ruling will have no effect on current
operations or guidance.



For further information, please contact:

CEO Bjørn Hembre
Tel: +354 620 1936
Email: bjorn@arnarlax.is

About Icelandic Salmon: Icelandic Salmon is dual-listed company, both at the
Euronext Growth in Oslo and Nasdaq First North in Iceland. The company is the
100% owner of Arnarlax ehf, the leading farming company in Iceland with their
head office in Bildudalur. The company is fully integrated, from egg to the fish
is delivered to customers in the market, with control over all parts of the
value chain.







This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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