Proximar Seafood AS – Registration of share capital increase

04 Jan 2024 14:37 CET

Bergen, Norway, 4 January 2023. Reference is made to the stock exchange notice
published by Proximar Seafood AS (the "Company") on 14 December 2023, regarding
the allocation of 70,000,000 new shares in the Company through a private
placement, each at a subscription price of NOK 2.00 per new share, raising gross
proceeds of NOK 140 million.

The share capital increase pertaining to the private placement have now been
registered with the Norwegian Register of Business Enterprises. Following the
registration, the Company´s share capital is NOK 12,967,278 divided into
129,672,780 shares each with a nominal share value of NOK 0.1. Trading in the
new shares with ordinary T+2 settlement may accordingly commence now.

This information is subject to a duty of disclosure pursuant to the Company's
continuing obligations as a company listed on Euronext Growth Oslo.

For further information, please contact:

Ole Christian Willumsen, CFO, Proximar Seafood AS
Phone: +47 48213429
E-mail: ocw@proximar.com

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility and production at the foot of Mount Fuji in Japan. The
company inserted its first batch of eggs in October 2022 and plans first harvest
in Q3 2024. Through land-based salmon farming, using high-quality ground water
secured close to Mount Fuji, the company will produce fresh Atlantic Salmon,
harvested the same day. Proximar's location, near one of the world's most
important fish markets, implies significant advantages, both in terms of reduced
cost and carbon footprint.

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