Norcod extends strategic sales and distribution agreement with Sirena Group

13 Oct 2025 12:00 CEST

13 October 2025 Trondheim, Norway: Norcod AS has extended its strategic sales
and distribution agreement with Sirena Group as part of Norcod's ongoing work
to optimize its value chain and securing a strong platform for future growth.

Through this partnership, Sirena will continue to manage sales, marketing and
logistics for Norcod's premium fresh farmed cod, Snow Cod, while Norcod
remains focused on building efficient and profitable production.

CEO in Norcod, Christian Riber said:

"Working with Sirena Group gives Norcod a decisive advantage. Their global
network and proven strength in seafood markets give us direct access to the
right customers worldwide. Equally important, Sirena's expertise in building
the market position of premium seafood species is of direct value to Norcod,
as this is a key mission in the years ahead. Together we are ensuring that the
most optimal effort is made to build and sustain strong pricing with the best
global customer base, while Norcod remains focused on delivering efficient and
profitable production."

Boe Spurré, CEO from Sirena Group said on the agreement:

"We are proud to continue our close cooperation with Norcod. Snow Cod has all
the attributes to become a leading premium product in the international
market, and Sirena is committed to supporting its success with our global
reach and market expertise."

The reinforced agreement is valid until 1 October 2031 and underlines the
strength of the Norcod--Sirena partnership and reflects both companies shared
ambition: to deliver sustainable, high-quality seafood to discerning customers
worldwide while creating long-term value for the industry.

For more information, please contact:

Christian Riber
CEO, Norcod AS
Tel: +47 90 53 79 90
E-mail: cr@norcod.no

About Us
Norcod's core business is commercial sea farming of cod through ownership and
partnerships is involved in the entire value chain. Norcod's existing fish
farms are located in Mid-Norway and along the Helgeland coast 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 has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-10-13 12:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

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