NORCOD AS: Last day of subscription period in Subsequent Offering

04 Apr 2025 08:00 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO 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 ("Norcod" or the
"Company") on 21 March 2025 regarding the start of the subscription period in
the subsequent offering (the "Subsequent Offering") of up to 1,666,666 new
shares (the “Offer Shares”) at a subscription price of NOK 12 per Offer Share
(the "Offer Price").

The subscription period for the Subsequent Offering will expire today at 16:30
CEST.

Correctly completed subscription forms must be received by the manager of the
Subsequent Offering, DNB Markets, a part of DNB Bank ASA, or in the case of
online subscriptions, be registered by the end of the subscription period.

Subscription rights that are not used to subscribe for Offer Shares by the end
of the subscription period will have no value and will lapse without
compensation to the holder.

For more information about the Subsequent Offering and the subscription
procedures, please refer to the prospectus dated 20 March 2025 (the
“Prospectus”), prepared by the Company in connection with the Subsequent
Offering, which is available at www.dnb.no/emisjoner. Subscriptions may only be
made on the basis of the Prospectus.

Advisors:

DNB Markets, a part of DNB Bank ASA, is acting as bookrunner for the Subsequent
Offering (the "Manager").
Advokatfirmaet Haavind AS is acting as legal counsel to Norcod.


For more information, please contact:

Christian Riber, CEO
Tel: +47 905 37 990, E-mail: cr@norcod.no

Stian Vollan-Hansen, CFO
Tel: +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 Securities Trading Act and the EU Market Abuse Regulation
(MAR).

More information:
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