Grieg Seafood ASA (OSE: GSF) Successful placement of perpetual green hybrid bond

11 Jun 2026 16:15 CEST

Reference is made to the stock exchange release 8 June 2026, 07:30 CEST. Grieg
Seafood ASA (the "Company") has today successfully completed a new perpetual
green hybrid bond issue of NOK 750m with its first call date after 4 years and
a coupon of 3 months NIBOR + 390bps, which entails an improvement of 185bps
compared to the outstanding hybrid bond.

Settlement date is set to 22 June 2026. Net proceeds from the bond issue will
be used for green projects as further defined by the Company's Green Bond
Framework, including by way of refinancing existing obligations originally
incurred to finance such green projects. The hybrid bond will be accounted for
as equity in the balance sheet and constitute subordinated obligations for the
Company.

The hybrid bond strengthens Grieg Seafood's liquidity, equity, and financial
flexibility to pursue its ambitions for further investments and development of
its Rogaland fish farming assets.

The investor presentation used in connection with the transaction (the
"Presentation") has been published on the Company's website:
https://investor.griegseafood.com/reports-&-presentations#other.

The Presentation provides information about the new strategy of Grieg Seafood
which together with the transaction yielded a strong interest among all
investor groups. The transaction was substantially oversubscribed.

Nordea acted as bookrunner in connection with the placement of the new hybrid
bond issue.

For further enquiries, please contact:
Magnus Johannesen, CFO
Cell phone +47 959 13 243

About Grieg Seafood ASA
Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are
located in Rogaland in Norway with our headquarter in Bergen, Norway. Grieg
Seafood ASA was listed at the Oslo Stock Exchange in June 2007.
Sustainable farming practices are the foundation of Grieg Seafood's
operations. The lowest possible environmental impact and the best possible
fish welfare is both an ethical responsibility and drive economic
profitability.
To learn more, please visit www.griegseafood.com

The information included in this announcement is publicly disclosed in
accordance with section 5-12 of the Norwegian Securities Trading Act.
The stock exchange announcement was published by May Hansen, Executive
assistant, Grieg Seafood ASA, on 11 June 2026 at 16:15 CEST.

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