Salmon Evolution ASA: Phase 2 taken into operation with first smolt release completed

27 Apr 2026 06:30 CEST

Salmon Evolution ASA (OSE: SALME) has reached a significant milestone by
taking phase 2 at Indre Harøy into operation and completing the first smolt
release. Following release, the smolt has adapted well and feeding has
commenced, with other operational parameters stable and in line with
expectations. Including phase 2 Salmon Evolution plan to release around 2.8
million smolt at Indre Harøy in 2026, an increase of approximately 60 % from
2025.

"When completed phase 2 will more than double capacity at Indre Harøy, being a
real game-changer for Salmon Evolution" said CEO of Salmon Evolution, Trond
Håkon Schaug-Pettersen. "Phase 2 builds on four years of operational
experience from phase 1, and combined phases 1 and 2 provides scale and
represents an unmatched operational platform in sustainable, land-based salmon
farming, unlocking strong expected cash flow generation and a full
transformation of Salmon Evolutions earnings capacity," he said.

Please visit our web-page for video and pictures from this milestone:
salmonevolution.no

For further information, please contact:
Trond Håkon Schaug-Pettersen, CEO
thsp@salmone.no
+47 91 19 13 27

Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95

About Salmon Evolution
Salmon Evolution is the global leader within land-based salmon farming.
Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending
the Ocean Potential by creating optimal growth conditions in a controlled
environment on land. This approach, capturing the benefits of both land-based
and sea-based farming, puts biology first and limits operational and
biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture
industry on the west coast of Norway, where the Company has its first facility
and global centre of excellence fully operational at industrial scale. Enabled
by proof of concept at Indre Harøy, Salmon Evolution targets significant
expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,
please visit www.salmonevolution.no.

More information:
Access the news on Oslo Bors NewsWeb site

671483_Salmon Evolution ASA- Phase 2 taken into operation with first smolt release completed.pdf