NORCOD AS: NEW SHARE CAPITAL REGISTERED

16 Apr 2025 14:00 CEST

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
4 April 2025 regarding the successful completion of a subsequent offering of
132,184 new shares (the "Offer Shares") in the Company at a subscription price
of NOK 12 per share (the “Offer Price”) raising gross proceeds of approx. NOK
1,58 million (the “Subsequent Offering”).

The share capital increase pertaining to the issuance of the Offer Shares under
the Subsequent Offering has today been registered with the Norwegian Register of
Business Enterprises (Nw. Foretaksregisteret). Following this, the Company's
registered share capital is NOK 28,829,786.50 divided into 57,659,573 shares,
each with a nominal value of NOK 0.50.

For additional 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).

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