BIOFISH HOLDING AS New agreement secures sale of 720 tons per year for 2025-2027

17 Feb 2025 07:30 CET

Ljones, 17 February 2025: BioFish has signed an agreement with a long-standing
customer for the delivery of approximately 1.2 million post-smolt per year
with an average weight of 600 grams. Together with previously announced
contracts, the scope of this agreement brings total confirmed annual sales to
approximately 720 tons for 2025, 2026 and 2027.

The agreement also includes an intention between the parties to discuss
additional deliveries.

"This milestone agreement is a recognition of our strong track record of
consistently delivering robust, high-quality smolt and post-smolt to
satisfied, loyal customers. With these agreements signed, we ensure that
two-thirds of our annual volumes for the coming years are now sold, which
gives us good earnings visibility, while at the same time providing some
capacity to take on new orders in a strong market", says CEO Sondre Hagerup
Johnsrud.

For 2024, BioFish has delivered 523 tons, in line with previously projected
sales volumes of ~500-550 tons. For 2025, annual volumes are anticipated to
increase to 900-1,100 tons.

For additional information please contact:

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

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

About BioFish

BioFish is a Norwegian independent producer of high-quality smolt and
post-smolt. The company has a RAS production facility in Ljones close to the
Hardangerfjord on the west coast of Norway. Numerous Norwegian fish farming
sites are located within one day of transport.

More information:
Access the news on Oslo Bors NewsWeb site

638888_BIOFISH HOLDING AS New agreement secures sale of 720 tons per year for 2025-2027.pdf