AKVA group ASA: New land based contract signed with Laxey

21 Apr 2026 11:05 CEST

AKVA group ASA ("AKVA") hereby announce that a contract has been awarded from
Laxey EHF ("Laxey") for the design and delivery of a smolt facility at Westman
Islands, Iceland. The smolt facility will be developed in three phases and will,
when fully completed, provide a production capacity of 15 million smolt per year
at 100 grams to support Laxey's post-smolt and grow-out production. The contract
awarded covers all three phases and has a total value of approximately MEUR 28.

The realization of the contract and AKVA's delivery is subject to Laxey
obtaining the necessary financing. This condition is expected to be met during
Q2 2026.

Dated: 21 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 21 April 2026 at 11:05 CET.

About AKVA group ASA

AKVA group ASA is a global technology and service partner that deliver
technology and services that helps solve biological challenges within the
aquaculture industry.  Good operational performance and fish welfare ensures
sustainability and profitability for the customer.  This is the premise for
everything we deliver, from single components to services and complete
installations. In-depth aquaculture knowledge, extensive experience and a high
capacity for innovation characterizes and enables us to deliver the best
solutions for both land based and sea based fish farming.

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