Key information relating to a potential Subsequent Offering

28 Feb 2025 08:00 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the “Company”) on
27 February 2025 regarding the successful completion of a private placement of
13,724,225 new shares in the Company at a subscription price of NOK 12 per share
(the “Offer Price”) raising gross proceeds of approximately NOK 165 million (the
“Private Placement”) and a potential subsequent offering of new shares at a
price equal to the Offer Price (the “Subsequent Offering”).

In accordance with the continuing obligations of companies listed on Euronext
Growth Oslo, the following key information is given with respect to the
Subsequent Offering:

Date of announcement of the potential Subsequent Offering: 27 February 2025
Last day of trading including right to participate in Subsequent Offering: 27
February 2025
First Date of trading excluding right to participate in Subsequent Offering: 28
February 2025
Record Date: 3 March 2025
Date of approval: On or about 14 March 2025
Maximum number of new shares: 1,666,666
Subscription price: NOK 12.00

This announcement was published by Stian Vollan-Hansen, on the date and time
provided.

For further information, please contact:
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail:
cr@norcod.no
Stian Vollan-Hansen, Chief Financial Officer, phone: + 47 481 78 846, E-mail:
svh@norcod.no

About Norcod:
Norcod AS’ core business is commercial sea farming of cod but through ownership
and partnerships is involved in the entire value chain. Norcod’s existing fish
farms are located in Mid-Norway with ideal conditions for cod. The company is
contributing to blue ocean value creation with minimal impact on the environment
while supporting local communities. Norcod is listed on Oslo’s Euronext Growth
market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian SecuritiesTrading Act and the EU Market Abuse Regulation
(MAR).

More information:
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