Proximar Seafood AS: Convertible Bond Conversion Notice Received

10 Oct 2023 11:58 CEST

10 October 2023: Reference is made to the Proximar Seafood AS (the "Company")
convertible bond with ISIN NO0012733387 (the "Bonds") issued on 25 October 2022.

The Company has received conversion notices for a total of 500,000 Bonds, which
pursuant to the bond terms are convertible into 100,000 new shares in the
Company at a conversion price of NOK 5.

Further and following completion of such conversion, including registration of
the share capital increase in the Norwegian Register of Business Enterprises
(Norwegian: Foretaksregisteret) pertaining to the conversion, the Company's
share capital will be increased by NOK 10,000 by issue of 100,000 new shares
into a share capital of NOK 5,953,278 consisting of 59,532,780 shares each with
a par value of NOK 0.1.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

For more information, please contact:
Ole Chr. Willumsen, CFO, +47 48 21 34 29, ocw@proximar.com

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