Grieg Seafood ASA: Completion of sale of operations in Finnmark and Canada

29 Dec 2025 09:15 CET

Reference is made to the stock exchange announcement on 17 July 2025 whereby
Grieg Seafood ASA ("Grieg Seafood" or the "Company") announced an agreement
with Cermaq Group AS for the sale of Grieg Seafood's operations in Finnmark
and Canada (the "Transaction") for an agreed enterprise value of NOK 10.2
billion on a cash and debt free basis, assuming a normalised working capital.

The Company is pleased to announce that the Transaction has been successfully
completed on 29 December 2025.

The dividend guidance from the Q3 presentation remains. Further information
regarding the timeline and details of the dividend distribution will be
announced in early 2026, ensuring transparency and alignment with our capital
allocation strategy.

For further enquiries, please contact:

Nina Willumsen Grieg, CEO
Cell phone: +47 953 39 161

Magnus Johannsen, CFO
Cell phone +47 959 13 243

The information included in this announcement may be qualified as inside
information pursuant to article 7 of the Market Abuse Regulation and is
publicly disclosed in accordance with article 17 of the Market Abuse
Regulation and section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by May Hansen, Executive
assistant, Grieg Seafood ASA, on 29 December 2025 at 09:15 CET.

About Grieg Seafood ASA

Grieg Seafood ASA is one of the world's leading salmon farmers. Following
completion of the transaction with Cermaq Group AS, our farms are located in
Rogaland in Norway with our headquarter in Bergen, Norway. Grieg Seafood ASA
was listed at the Oslo Stock Exchange in June 2007. Sustainable farming
practices are the foundation of Grieg Seafood's operations. The lowest
possible environmental impact and the best possible fish welfare is both an
ethical responsibility and drive economic profitability.

To learn more, please visit www.griegseafood.com.

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