Nordic Halibut AS – Strategic acquisitions support continued growth

28 May 2026 08:00 CEST

Averøy, Norway, 28 May 2026

Nordic Halibut AS (the "Company") has today entered into two share purchase
agreements with Heimstø AS (the "Seller") for the acquisition of 100% of the
shares in each of Thule Marine AS and Gulbygget AS (the "Acquisitions").

Thule Marine AS owns 100% of Tjeldbergodden Rensefisk AS ("TBR"), with which the
Company currently has a commercial relationship. Gulbygget AS owns the property
and operational facilities leased to TBR. The facility has been in use by Nordic
Halibut AS since 2024 and forms part of its operations. The Acquisitions will
provide the Company with full control over both operations and related
infrastructure, which represents an important strategic step for the Company
enabling greater operational control and supporting further development.

Full ownership of the Tjeldbergodden facility is a natural next step for Nordic
Halibut. The facility has delivered strong biological results in halibut
production since 2024, and converting part of it into a dedicated broodstock
unit secures a critical input for our continued scale-up. This acquisition
strengthens our operational control and supports our strategy of building a
fully integrated value chain from genetics to plate, said Edvard Henden, CEO of
Nordic Halibut AS.

The aggregate consideration payable by the Company to the Seller for the
Acquisitions is NOK 24 million. The Purchase Price shall be settled by the
issuance of 1 million newly issued shares in the Company at a price per share of
NOK 24.

Since the acquisition of Thule Marine AS and the acquisition of Gulbygget AS are
closely interrelated, the Acquisitions are structured as interdependent
transactions that will be completed simultaneously.

Completion of the Acquisitions is expected to take place on 1 June 2026, or as
soon as practicable thereafter, subject to completion of the required corporate
approvals and fulfilment of closing conditions.


For further information, please contact:

CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165

or

CFO Are Strand
are.strand@nordichalibut.no
+47 915 39 232


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and Section 5-12 of the Norwegian Securities Trading
Act. This stock exchange announcement was published by Are Hammervik Strand, at
the date and time set out above.

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