Andfjord Salmon: Successful smolt release

02 Jun 2026 16:58 CEST

2.6.2026 16:57:52 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS (Andfjord Salmon) is pleased to announce the successful
release of approximately 550,000 smolt into pool K3, thereby further ramping up
fish farming operations at Kvalnes, Andøya.

At an average weight of around 110 grams per smolt, the fish were smoothly
transferred from a wellboat into pool K3.

"We have established a very gentle fish transfer process that once again
incurred very few mortalities. The smolt's immediate pool adaptation looks good
too," says Martin Rasmussen, CEO of Andfjord Salmon.

The 550,000 smolt are expected to be utilized for post-smolt production on
behalf of Eidsfjord Sjøfarm, as part of a strategic cooperation agreement with
the fish farmer.

Pool K3 is the third pool in operation at Kvalnes, following last year's smolt
releases in pools K0 and K1.

"Initiating production in pool K3 is another building block towards our
objective of large-scale fish farming at Kvalnes. Our aim is to replicate the
strong biological conditions that we have demonstrated in the other pools we
have in operation," adds Martin Rasmussen.

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,
martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com

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