Andfjord Salmon - Grant of options to primary insiders

02 Feb 2026 08:42 CET

2.2.2026 08:42:02 CET | Andfjord Salmon | Mandatory notification of trade
primary insiders

The board of Andfjord Salmon Group AS ("Andfjord Salmon" or the "Company") has
granted options to the following primary insiders of the Company:

* Martin Rasmussen, CEO: 250,000 options
* Bjarne Martinsen, CFO: 150,000 options
* Christian Torgersen, COO: 80,000 options
* Trond Rismo, CCO: 80,000 options

Each option entitles the holder to subscribe for one new share in the Company at
a price of NOK 28.80 per share (based on a ten-day volume-weighted average price
(VWAP)) and will vest over a three-year period, with one third vesting after 12
months, an additional third after 24 months, and the remaining third after 36
months.

Please refer to the attached document for further details.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to article
19 of the regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5
-12 of the Norwegian Securities Trading Act.

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,
martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon.

For more information, see www.andfjordsalmon.com - http://www.andfjordsalmon.com

- http://www.andfjordsalmon.com

ATTACHMENTS

ANDF - PDMR Notification Form Options Grant 260130.pdf -
https://kommunikasjon.ntb.no/ir-files/17847566/18791101/6743/ANDF%20-%20PDMR%20N
otification%20Form%20Options%20Grant%20260130.pdf

More information:
Access the news on Oslo Bors NewsWeb site

664591_ANDF - PDMR Notification Form Options Grant 260130.pdf