Arctic Fish Holding AS – Key information regarding potential subsequent offering

21 Aug 2025 08:30 CEST

Reference is made to the stock exchange announcement made by Arctic Fish Holding
AS ("Arctic Fish" or the "Company") on 20 August 2025 for the contemplated
private placement of EUR 35 million through the issuance of 13,128,300 new
shares in the Company (the "Private Placement"), where it was also stated that
the board of directors will consider to carry out a subsequent offering (the
"Subsequent Offering") directed at shareholders in the Company as of close of
trading on 20 August 2025, as recorded in the VPS on 22 August 2025, who (i)
were not allocated shares in the Private Placement, and (ii) are not resident in
a jurisdiction where such offering would be unlawful or, would (in jurisdictions
other than Norway) require any prospectus, filing, registration or similar
action. If the board decides to carry out the Subsequent Offering, the board
will use the board authorization granted by the annual general meeting held on 4
June 2025, to increase the share capital.

In accordance with the continuing obligations for companies listed on Euronext
Growth Oslo, the following key information is given with respect to the
potential Subsequent Offering:

Date for announcement of terms: 20 August 2025

Last day including right to receive subscription rights: 20 August 2025

First day excluding right to receive subscription rights: 21 August 2025

Record Date: 22 August 2025

Maximum number of new shares: new shares up to EUR 1 million

Subscription price: NOK 31.80 per share

The Subsequent Offering will be subject to completion of the Private Placement
and relevant corporate resolutions being passed by the Company (including the
Company's board of directors resolving to consummate the Subsequent Offering).
The formal resolution (including the final number of new shares to be offered)
related to a potential Subsequent Offering will be made by the board of
directors in the Company. Whether the Subsequent Offering will ultimately take
place, will depend on the development of the price of the shares in the Company.
The Company reserves the right in its sole discretion to not conduct or cancel
the Subsequent Offering.

Contact:
For additional information, please contact: CEO: Daníel Jakobsson Email:
dja@afish.is – Tel: +354 820 6827 or CFO: Baldur Smári Einarsson - Email:
bse@afish.is - Tel: +354 690 1222

Arctic Fish in brief

Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and
sustainable value chain from smolt to sales. The production capacity for the
company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses
covering 10 farming areas in 5 different fjords, all located in the Westfjords
of Iceland. The company's value chain consists of a state-of-the-art RAS
hatching and smolt production facility, attractive sea sites with high bearing
capacity and high-energy equipment, and a newly completed harvesting facility
with sufficient capacity to secure the utilization of the licenses and growth
objectives for the company.

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

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