SalMar - 2024 share-based incentive scheme for senior executives and key personnel

19 Dec 2024 16:20 CET

In accordance with the authorization granted by the AGM on 6 June 2024, the
board of directors of SalMar ASA has decided to establish a share-based
incentive scheme (Restricted Share Unit Plan) for senior executives and key
personnel employed by the company and its subsidiaries. The scheme encompasses
up to 300 000 shares and has a duration of three years. The company's liability
with respect to the scheme will be met through existing holdings of treasury
shares. As of 19 December 2024, SalMar ASA holds 114 554 treasury shares.

The purpose of the share-based incentive scheme (RSUP) is to encourage employees
to maintain a deep, long-term engagement in the company, through a further
alignment of the employees' interests with those of other shareholders. Under
the RSUP, participating individuals will be awarded shares to motivate them to
contribute to the continued success and profitability of the company, as well as
deliver outstanding results. The RSUP will also enhance SalMar's ability to
attract and retain staff.

Under the RSUP, participants will receive, free of charge, Restricted Share
Units (RSUs), which, if certain predefined performance criteria are met within
an accrual period, will be released and transferred to them as shares. The RSUP
comprises three accrual periods of one, two and three calendar years
respectively, with 2024 being the first year. Each accrual period encompasses
1/3 of the total number of RSUs included in the scheme. One RSU gives a
contingent entitlement to one share.

The following criteria determine the award of RSUs during each of the three
accrual periods:
- Award of 1/3 of the RSUs is independent of any performance criteria
- Award of 1/3 of the RSUs depends on SalMar achieving a certain EBIT/kg more
than other aquaculture companies listed on the Oslo Stock Exchange during the
accrual period
- Award of 1/3 of the RSUs depends on SalMar's shares achieving a higher total
shareholder return (TSR) than a defined group of comparable companies during the
accrual period.

Accrual of RSUs under the scheme presumes that the individual is an employee of
SalMar or a participating subsidiary. The total gain from released RSUs during
one calendar year shall not exceed 100 per cent of the participant's basic
salary. Under the scheme's rules, the number of RSUs will be adjusted in the
event of a dividend payout in order to preserve, but not increase, the value of
the RSU allocation.

The RSUP goes into effect on 19 December 2024 and encompasses senior executives
and key personnel at SalMar and its subsidiaries.

Restricted share units granted primary insiders 19 December 2024:

Frode Arntsen has received 4 190 RSUs in the Company
Roger Bekken has received 2 984 RSUs in the Company
Eva Haugen has received 1 443 RSUs in the Company
Håkon Husby has received 1 082 RSUs in the Company
Ingvild Kindlihagen has received 498 RSUs in the Company
Runar Sivertsen has received 2 094 RSUs in the Company
Ulrik Steinvik has received 2 406 RSUs in the Company
Arthur Wisniewski has received 1 732 RSUs in the Company
Simon Søbstad has received 2 308 RSUs in the Company


New holdings:

After completion of the abovementioned grant Frode Arntsen holds 9 377 RSUs in
the Company. As of today the primary insider holds 9 324 shares in the Company.

After completion of the abovementioned grant Roger Bekken* holds 6 583 RSUs in
the Company. As of today the primary insider holds 16 259 shares in the Company.

After completion of the abovementioned grant Eva Haugen holds 3 186 RSUs in the
Company. As of today the primary insider holds 884 shares in the Company.

After completion of the abovementioned grant Håkon Husby holds 2 381 RSUs in the
Company. As of today the primary insider holds 2 190 shares in the Company.

After completion of the abovementioned grant Ingvild Kindlihagen holds 1 095
RSUs in the Company. As of today the primary insider holds 276 shares in the
Company.

After completion of the abovementioned grant Runar Sivertsen** holds 4 182 RSUs
in the Company. As of today the primary insider holds 5 959 shares in the
Company.

After completion of the abovementioned grant Ulrik Steinvik*** holds 5 311 RSUs
in the Company. As of today the primary insider holds 121 855 shares in the
Company.

After completion of the abovementioned grant Arthur Wisniewski holds 3 820 RSUs
in the Company. As of today the primary insider holds 3 776 shares in the
Company.

After completion of the abovementioned grant Simon Søbstad holds 4 742 RSUs in
the Company. As of today the primary insider holds 1 737 shares in the Company.

* Owns 16 259 shares directly and indirectly through personal relative.

** Owns 5 959 shares directly and indirectly through personal relative.

*** Owns 121 855 shares directly and indirectly through personal related
parties. Also owns 100 per cent of the shares in Nordpilan AS. Nordpilan AS owns
0.17 per cent of the shares in Kverva AS, which in turn through Kverva
Industrier AS owns 45.4 per cent of the shares in SalMar ASA.



For more information, please contact:
Håkon Husby, Head of Investor Relations
Phone: + 47 936 30 449
E-mail: hakon.husby@salmar.no
Website: www.salmar.no (http://www.salmar.no/)

This  information is subject to the  disclosure requirements pursuant to Article
19 of  the  EU  Market  Abuse  Regulation  and  section  5-12 of  the  Norwegian
Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site

635289_Primary insider notification forms 20241219.pdf