AQUA BIO TECHNOLOGY ASA (ABTEC) - LOI Signed Between Jetcarrier AS and Hofseth International AS

21 May 2025 11:51 CEST

21.5.2025 11:51:49 CEST | Aqua Bio Technology ASA | Additional regulated
information required to be disclosed under the laws of a member state

Aqua Bio Technology (ABTEC)'s wholly owned subsidiary Jetcarrier AS (Jet) has
signed a Letter of Intent (LOI) with Hofseth International AS (HI) for
transportation services worth potentially NOK 40-50 million annually.

The intention is for Jet to facilitate the shipment of approximately 1,000
containers per year, or 16-22 per week, of frozen fish, primarily to North
America.

Upon entering into a final agreement, Jet will require 12 months of exclusivity.

HI is one of Norway's largest producers and a major international supplier of
salmon and processed salmon products.

DISCLOSURE REGULATION

This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Roger Sedal, Chair of the Board of Directors, Aqua Bio Technology ASA,
+4740002002, roger@sedal.no
* Terje Blytt, JetCarrier AS, +4769184030, +4790861271, terje@jetcarrier.com

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology ASA (ABTEC) is a distribution group in skincare and nonfood.
The group has distribution towards B2C, B2B, B2B2, and freight, customs, and
logistics services. The group also develops sustainable biotechnology for use in
skincare products. Aqua Bio Technology is listed on the Euronext Expand market
of the Oslo Stock Exchange.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/18537080/6121/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

647023_Download announcement as PDF.pdf