Nordic Halibut AS – Mandatory notification of trade – Share lending by, and allocation of Offer Shares to, close associates of primary insiders

22 Jan 2025 23:36 CET

Averøy, Norway, 22 January 2025

Reference is made to the stock exchange notice published by Nordic Halibut AS
("Nordic Halibut" or the "Company") earlier today, 22 January 2025, regarding
the successful placing of a private placement of new shares (the "Offer Shares")
in the Company at a price per share of NOK 20 (the "Offer Price") (the "Private
Placement").

The following close associates of primary insiders in the Company have been
allocated Offer Shares at the Offer Price in the Private Placement:

- Kontrari AS, a close associate of primary insiders and Board members Vegard
Gjerde (chair) and Jan Erik Sivertsen, has been allocated 7,500,000 Offer
Shares.

- Farvatn Private Equity AS, a close associate of primary insider and Board
member Tore Hopen, has been allocated 3,000,000 Offer Shares.

-T.D. Veen AS, a close associate of primary insider and Board observer Øyvind
Schanke, has been allocated 1,000,000 Offer Shares.

See further details in the attached forms.

To facilitate settlement on a delivery versus payment basis in the Private
Placement, a delivery of existing and unencumbered shares in the Company already
admitted to trading on Euronext Growth Oslo was made available on 22 January
2025 to Pareto Securities AS and SpareBank 1 Markets AS (the "Managers") by
shareholders Kontrari AS and Kontrazi AS (the "Share Lenders") pursuant to a
share lending agreement between the Share Lenders, the Company and the Managers
(the "Share Lending Agreement").

Pursuant to the Share Lending Agreement, and for the purposes stated above, the
Share Lenders have lent out 14,250,000 shares to the Managers, distributed with
13,778,158 shares from Kontrari AS, and 471,842 shares from Kontrazi AS. The
shares will be redelivered to the Share Lenders following registration of the
share capital increase pertaining to the Private Placement.

The Share Lenders are close associates of primary insiders in the Company and
board members Vegard Gjerde (chair) and Jan Erik Sivertsen.

See further details of the share lending in the attached forms.

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

For further information, please contact:

CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165

or

CFO Thomas Scheele Berg
thomas.berg@nordichalibut.no
+47 928 84 856

More information:
Access the news on Oslo Bors NewsWeb site

636964_Nordic Halibut AS - PDMR_PCA Forms.pdf