Nordic Halibut AS – New share capital registered

30 Jan 2025 16:36 CET

Averøy, Norway, 30 January 2025

Reference is made to the stock exchange announcement published on 22 January
2025 by Nordic Halibut AS ("Nordic Halibut" or the "Company") regarding the
board of directors' resolution to increase the Company's share capital by the
issuance of 14,250,000 new shares at a price of NOK 20 per share, in connection
with the successful private placement (the "Private Placement") of new shares in
the Company.

The share capital increase in Nordic Halibut has now been registered with the
Norwegian Register of Business Enterprises:

– Share capital: NOK 266,781,990.00 (new)
– Total number of shares: 53,356,398 (new)
– Par value per share: NOK 5.00

The new shares will be issued to the managers in the Private Placement, and
redelivered by the managers to Kontrari AS and Kontrazi AS in accordance with
the terms of a share lending arrangement.

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

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Oslo Rule
Book Part II.

About Nordic Halibut AS:

Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4,500 tonnes HOG within 2027
and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.

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