NCOD: Notice of extraordinary general meeting in connection with the Private Placement

13 Nov 2025 16:45 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the "Company")
on 13 November 2025 regarding the board's proposal that an extraordinary
general meeting resolves to issue 12,707,454 new shares (the "New Shares") in
a private placement raising gross proceeds of NOK 157 million (the "Private
Placement") directed towards Jerónimo Martins Agro-Alimentar, S.A. a wholly
owned subsidiary of Jerónimo Martins SGPS. The subscription price in the
Private Placement shall be NOK 12.375 per New Share.

The Company hereby calls for an extraordinary general meeting to be held on 27
November 2025 at 10:00 (CET) at the Company's premises to resolve:

(i) Capital increase by way of private placement; and

(ii) Election of member to the Board of Directors.

The notice and agenda of the general meeting is attached to this stock
exchange announcement and will also be made available on the Company's
webpage.

For further information, please contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail:
cr@norcod.no

Stian Vollan-Hansen, Chief Financial Officer, phone: + 47 481 78 846, E-mail:
svh@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
2025-11-13 16:45 CET.

More information:
Access the news on Oslo Bors NewsWeb site

659658_NCOD- Notice of extraordinary general meeting in connection with the Private Placement.pdf
659658_Norcod AS EGM Notice 13 11 25.pdf