Andfjord Salmon: Extraordinary general meeting held

13 Mar 2025 11:32 CET

13.3.2025 11:32:10 CET | Andfjord Salmon | Additional regulated information
required to be disclosed under the laws of a member state

An extraordinary general meeting of Andfjord Salmon Group AS (the "Company") was
held today, 13 March 2025 at 09:00 hours (CET). In accordance with the proposals
from the board, the extraordinary general meeting resolved to (i) authorize the
issuance of the new shares in the private placement announced by the Company on
26 and 27 February 2025 (the "Private Placement") (the "Authorization"); and
(ii) authorize the issuance of new shares in a potential subsequent repair
offering. No other items were on the agenda for the extraordinary general
meeting. Please find attached the minutes from the meeting.

The new shares allocated in the Private Placement (the "New Shares") will be
settled on a delivery versus payment basis by delivery of existing and
unencumbered shares in the Company that are already listed on Euronext Growth
Oslo pursuant to a share lending agreement between the Company, Jerónimo Martins
Agro-Alimentar S.A. and the managers for the Private Placement. Settlement is
currently expected to occur on or about 18 March 2025 with the New Shares
allocated being tradeable from on or about 17 March 2025, depending on timing
for registration of the Authorization with the Norwegian Register of Business
Enterprises and the subsequent resolution by the board to issue the New Shares.
The final date for settlement will be confirmed in a separate stock exchange
announcement once the aforementioned board resolution has been made.

CONTACTS

* Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com -
http://www.andfjordsalmon.com.

ATTACHMENTS

Andfjord Salmon - EGM minutes - 130325 - signed.pdf -
https://kommunikasjon.ntb.no/ir-files/17847566/18454967/5775/Andfjord%20Salmon%2
0-%20EGM%20minutes%20-%20130325%20-%20signed.pdf

Represented at EGM 250313 - signed.pdf -
https://kommunikasjon.ntb.no/ir-files/17847566/18454967/5776/Represented%20at%20
EGM%20250313%20-%20signed.pdf

More information:
Access the news on Oslo Bors NewsWeb site

641110_Andfjord Salmon - EGM minutes - 130325 - signed.pdf
641110_Represented at EGM 250313 - signed.pdf