AKVA group ASA: New land based contract signed

05 May 2025 12:51 CEST

Reference is made to the stock exchange announcement published on January 14
where AKVA group ASA ("AKVA") was awarded a contract from Laxey EHF ("Laxey")
related to a module 2 of a re-use grow-out facility for Atlantic Salmon at
Westman Islands, Iceland.

The realization of the contract and AKVA's delivery was subject to Laxey
obtaining the necessary financing. This condition was met today as Laxey
announced a MEUR 130 combined equity and debt financing related to the project.

The estimated contract value related to AKVA's delivery to module 2 is MEUR 20.

Dated: 5 May 2025
AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

E-mail: knesse@akvagroup.com


Ronny Meinkøhn Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

E-mail: rmeinkohn@akvagroup.com

***

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by Ronny Meinkøhn (CFO) (contact details as set out
above) on 5 May 2025 at 12:30 CET.

About AKVA group ASA

AKVA group ASA is a global technology and service partner that deliver
technology and services that helps solve biological challenges within the
aquaculture industry. Good operational performance and fish welfare ensures
sustainability and profitability for the customer. This is the premise for
everything we deliver, from single components to services and complete
installations. In-depth aquaculture knowledge, extensive experience and a high
capacity for innovation characterizes and enables us to deliver the best
solutions for both land based and sea based fish farming.

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