Resignation of CEO of Arctic Fish Holding AS

12 Nov 2024 00:31 CET

Arctic Fish Holding AS ("Afish") announces that Stein Ove Tveiten, CEO, has
informed the Company’s board of directors of his decision to step down from his
role.

“Serving as CEO of Arctic Fish has been an incredible journey. Over the past
seven years, I’ve had the privilege of working with a fantastic team and
witnessing rapid and substantial growth for both the company and the industry as
a whole. It has been an honor to serve in this role, and I believe Arctic Fish
and Iceland are uniquely positioned for continued growth and sustainable
development,” said Tveiten.

The chairman of the board, Øyvind Oaland, commented: “Stein Ove has dedicated a
lot of efforts and time into Arctic Fish and is handing over a company with
solid volume development and great future growth projections. We are highly
appreciative of his contribution.”

The board of directors will commence the recruitment process for a new CEO.
Tveiten will continue to serve as CEO until a successor is appointed to ensure a
smooth transition.

Arctic Fish in brief
Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 11 farming areas in 6 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

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

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