GRIEG SEAFOOD ASA Notification of claim received in connection with sale to Cermaq

10 Mar 2026 07:30 CET

Reference is made to the stock exchange announcement on 29 December 2025
regarding Grieg Seafood ASA (the "Company") completing its divestment of
operations in Finnmark and Canada (the "Transaction") to Cermaq Group AS
("Cermaq").

The Company has received a formal notification of claim from Cermaq under the
share purchase agreement entered into in connection with the Transaction. The
claim relates to settlement of certain financial and commercial matters for
the period between the locked box date and closing date, with a total
indicated quantum of approximately NOK 185 million and CAD 6.6 million.

A part of the claim appears to be based on a misunderstanding of the technical
settlement in connection with the closing of the Transaction and has been
accounted for in the Company's Q4 report. As regards the remaining elements of
the claim, the Company rejects these and considers them to be without merit.
The claim will have no impact on the dividend as reported on 25 February 2026.

For further enquiries, please contact:
Nina Willumsen Grieg, CEO
Cell phone: +47 953 39 161

Magnus Johannsen, CFO
Cell phone +47 959 13 243

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.


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 10 March 2026 at 07:30 CET.

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