Kaldvik AS: Approval of loan covenant waiver

16 Dec 2024 11:22 CET

Reykjavik, 16 December 2024:  Kaldvik AS has initiated a waiver process with its
lenders regarding the financial covenants in its senior bank debt facility of
EUR 179.9 million. This process has now been successfully concluded.

The lenders have granted a waiver of the following covenants for Q4 2024:

* The interest cover shall at all times be equal to or more than 3.0x;
* Leverage shall not exceed 5.0x in Q4 2024; and
* The liquidity is maintained at minimum EUR 10,000,000.

For further information, please contact:
Contacts: Róbert Róbertsson, CFO of Kaldvik AS: +354 843 0086 (mobile)

About Kaldvik AS
Kaldvik AS is one of the leading salmon farmers in Iceland. Kaldvik AS has a
well-developed and fully integrated value-chain controlling all steps from
hatchery to sales, enabling the group to provide its customer with a sustainable
premium product. Kaldvik AS is headquartered in Iceland.

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

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