AKVA group ASA: Announcement of strategic review

08 Apr 2026 07:30 CEST

The board of directors in AKVA group ASA ("AKVA" or the "Company") has decided
to initiate a strategic review of alternatives to maximize shareholder value,
which can take the form of a potential sale of AKVA or value creative business
combinations.

Background and rationale

After several years of targeted investments in technology, operational scale and
system integration, AKVA has entered a period of strengthened commercial
momentum across all business segments. Revenues have increased from NOK 3.4bn in
2023 to NOK 4.4bn in 2025, representing a CAGR of 13.7%, accompanied by solid
EBIT improvement over the same period.

As a global leader in technology and solutions for the aquaculture industry,
AKVA is uniquely positioned to support customers with improved biological
performance, increased efficiency and scalable growth. Through the Sea-based
segment, AKVA is a mission critical supplier of a broad group of marine
infrastructure and technology products, enabling the aquaculture industry to
grow. AKVA maintains a strong track record and market?leading position in
Land?based post-smolt and grow?out technologies, enabling customers to produce
and sell premium salmon at scale on land. The Digital business segment provides
a full suite of digital solutions for precision farming, from leading biological
ERP systems to AI driven feeding solutions.

Following the Capital Markets Day in 2025, AKVA has seen continued strong
commercial momentum across business segments. As such, AKVA currently sees a
potential to exceed the previous 2030 guidance given of NOK 7bn in revenue and
above 10% in EBIT margin.

Considering the above, the board of directors believes the timing is appropriate
to explore strategic alternatives that may unlock and crystallize the underlying
value of the Company.

The controlling shareholder Egersund Group AS owning 51% of the Company and
Israel Corporation Ltd owning 18% of the Company are supportive of a process
maximizing value for all shareholders, at the right market conditions. The
strategic review is expected to be completed during 2026. No decisions have been
taken and a transaction, if any, remains subject to market conditions and final
binding agreements.

DNB Carnegie is engaged as financial advisor and Wiersholm as legal advisor to
AKVA in connection with the strategic review.

Dated: 8 April 2026
AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

E-mail: knesse@akvagroup.com


Ronny Meinkøhn Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

E-mail: rmeinkohn@akvagroup.com

***

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements according
to section 5-12 of the Norwegian Securities Trading Act. The information was
submitted for publication by Ronny Meinkøhn (CFO) (contact details as set out
above) on 8 April 2026 at 07:30 CET.

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