NORCOD AS: NEW SHARE CAPITAL REGISTERED

10 Dec 2025 15:00 CET

Reference is made to the stock exchange notice from Norcod AS (the "Company")
on 27 November 2025 regarding the successful completion of a private placement
of 12,707,454 new shares in the Company at a subscription price of NOK 12.375
per share, raising gross proceeds totalling NOK 157,254,750 (the "Private
Placement").

The share capital increase pertaining to the issuance of the new shares under
the Private Placement has today been registered with the Norwegian Register of
Business Enterprises (Nw. Foretaksregisteret). Following this, the Company's
registered share capital is NOK 35,183,513.5 divided into 70,367,027 shares,
each with a nominal value of NOK 0.50.

For additional information, please contact:

Christian Riber, CEO Tel: +47 905 37 990, E-mail: cr@norcod.no

Stian Vollan-Hansen, CFO Tel: +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,
through the agency of the contact persons set out above, at 2025-12-10 15:00
CET.

More information:
Access the news on Oslo Bors NewsWeb site

661666_NORCOD AS- NEW SHARE CAPITAL REGISTERED.pdf