Mandatory notifications of trade in connection with Tranche 1 of the Private Placement

15 Jan 2025 21:28 CET

Kats, Netherlands – January 15, 2025

Reference is made to the stock exchange notice by The Kingfish Company N.V.
("Kingfish" or the "Company") on 22 December 2024 regarding the completion of a
fully underwritten private placement raising gross proceeds of approximately EUR
14 million (the "Private Placement") through issuance of new shares (the "Offer
Shares") in the Company at a fixed price of EUR 0.45 per Offer Share (the "Offer
price"), to raise gross proceeds to the Company of approximately EUR 14 million
(the "Offer Size").

The Private Placement will be divided in two tranches:
• Tranche 1 consists of 11,084,900 Offer Shares (the “Tranche 1 Shares”),
representing 10% of the outstanding shares in the Company prior to the Private
Placement, which were issued by the Company's supervisory board pursuant to
authorizations granted by the Company's annual general meeting on June 19, 2024,
including the authority to exclude pre-emption rights to shares; and
• Tranche 2 will consist of 20,026,212 Offer Shares, representing 18.1% of the
outstanding shares in the Company prior to the Private Placement, to be issued
pursuant to a resolution by an extraordinary general meeting of the Company (the
"EGM") or the Company's supervisory board, if so authorized by the EGM.

The following close associates of primary insiders of the Company have on 15
January 2025 obtained shares in the capital of the Company in connection with
the issuance of Tranche 1 Shares as set out below:

- Stolt-Nielsen M.S. Ltd, a closely association person of supervisory director
Jordi Trias Fita, has obtained 2,827,608 shares in the capital of the Company.

- Noam Kleinfeld, a supervisory director, has obtained 102,931 shares in the
capital of the Company.

Please see the enclosed forms for further details about the transactions.


For media and investor inquiries, please contact
press@the-kingfish-company.com
ir@the-kingfish-company.com

Company News feed
https://www.the-kingfish-company.com/news

About The Kingfish Company

The Kingfish Company is a pioneer and leader in sustainable land-based
aquaculture. Current annual production capacity at its Kingfish Zeeland facility
in the Netherlands is 4,000 tons of high quality and high-value yellowtail
kingfish. Next expansion opportunities are in the Netherlands and the US.
Kingfish Maine is fully permitted by local, state, and federal regulatory
agencies to build an 8,500 tons production facility.

Production is based on advanced recirculating aquaculture systems (RAS), which
protect biodiversity and ensure biosecurity. Animal welfare is paramount, and
the fish is grown without use of antibiotics and vaccines. Operations run on 100
percent renewable electricity, sourced from wind, solar and biogas. The
Company's facilities operate on sea water, avoiding wasting precious fresh
water.

The Kingfish Company's main product, the Yellowtail Kingfish (also known as
ricciola/hiramasa/greater amberjack) is a highly versatile premium fish species,
well known in the Italian and Asian fusion cuisines. Its products are certified
and approved as sustainable and environmentally friendly by Aquaculture
Stewardship Council (ASC), Best Aquaculture Practices (BAP), GLOBAL G.A.P. and
Friend of the Sea.

* * *
This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 number 3 and section 5-12 of the
Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

636576_2025 01 15 TKC - MAR19 Notification form - Kleinfeld .pdf
636576_2025 01 15 TKC - mandatory notifications Tranche 1 .pdf
636576_2025 01 15 TKC - MAR19 Notification form - Stolt-Nielsen.pdf