Andfjord Salmon: Final settlement date for Private Placement

14 Mar 2025 21:03 CET

14.3.2025 21:03:17 CET | Andfjord Salmon | Additional regulated information
required to be disclosed under the laws of a member state

Reference is made to the stock exchange announcements made by Andfjord Salmon
Group AS (the "Company") on 26 and 27 February 2025 regarding the successful
private placement of 17,142,858 new shares (the "New Shares") at a subscription
price of NOK 35 per share, raising gross proceeds of approximately NOK 600
million (the "Private Placement"). Reference is further made to the stock
exchange announcement made by the Company on 13 March 2025 where it was stated
that the final date for settlement of the New Shares allocated to subscribers in
the Private Placement would be confirmed in a separate stock exchange notice
following registration of the board authorization to issue the New Shares with
the Norwegian Register of Business Enterprises, and the subsequent resolution by
the board to issue the New Shares.

The New Shares have been resolved issued by the board, and the New Shares will,
as indicated in the previous announcement, be settled on a delivery versus
payment basis on 18 March 2025. Settlement will be facilitated 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.
The New Shares allocated will be tradeable from 17 March 2025.

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.

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