Måsøval AS - Waiver from financial covenant on interest cover ratio in Q3 2025

25 Sep 2025 16:57 CEST

Måsøval AS has initiated a waiver process with its lenders under its senior
bank financing of NOK 1.9 bn. for a temporary waiver of the financial covenant
on interest cover ratio of no less than 3.00x for Q3 2025.

This process has now been completed, and the lenders have approved a temporary
waiver of the requirements for interest cover ratio for Q3 2025.

The requirement on equity ratio to be higher than thirty per cent (30%) will
remain in effect for Q3 2025.

Contacts
Anders Hagestande, CFO, Måsøval AS, +47 415 82 138,
anders.hagestande@masoval.no
Helge Kvalvik, CEO, Måsøval AS, +47 97 97 97 72, helge.kvalvik@masoval.no

About Måsøval
Måsøval is a fully integrated producer of Atlantic salmon with more than 50
years of operational experience. Based on the island of Frøya in Central
Norway, the company controls the entire value chain -from smolt production to
sea-based farming, harvesting, processing, and global sales.

This integrated model ensures full control, operational efficiency, and
consistent delivery of premium Atlantic salmon to the global market. Måsøval
is committed to sustainable growth, fish welfare, and long-term value
creation.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-09-25 16:57 CEST.

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656169_Måsøval AS - Waiver from financial covenant on interest cover ratio in Q3 2025.pdf