BIOFISH HOLDING AS Initiating strategic review process

13 Jan 2025 08:00 CET

Ljones, 13 January 2025: The board of directors of BioFish has initiated a
process to explore strategic alternatives for the company.

The purpose of the strategic review is to evaluate structures and
opportunities that could accelerate the company's growth and/ or enhance
shareholder value, without this entailing the need for capital raising.

With a good track record in terms of biological performance, BioFish is an
attractive supplier of high-quality, healthy smolt and post-smolt.
Geographically, BioFish is ideally located in an area with high density of
salmon farmers. BioFish holds an aquaculture license for 5 million smolt and a
discharge license for 2,200 tons.

Pareto Securities AS has been appointed as financial advisor to assist in the
process.

Further updates regarding the outcomes of this strategic review and its
implications for the company's operations and strategic direction will be
communicated in due course.

For additional information please contact:

Johnny Duedahl, CFO
Mob: +47 982 06 833 Email: johnny@biofish.no

Sondre Hagerup Johnsrud, CEO
Mob: +47 975 79 321 Email: sondre@biofish.no

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-01-13 08:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

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