Proximar Seafood AS - Extension of the loan agreement with JAML signed

25 Mar 2024 16:13 CET

Bergen, Norway/Yokohama, Japan – 22 March 2024. Reference is made to the stock
exchange announcement by Proximar Seafood AS (“Proximar” or the “Company”) on 23
February 2024 regarding the Company's fourth quarter 2023 results.

As communicated in the Q4 2023 report, Proximar has been in the process of
extending the JPY 750 million (approx. NOK 53 million) loan agreement with JAML,
with repayment date 29 March 2024. The Company is pleased to announce that the
loan today has been extended at same terms with a new maturity date set to
30.12.2025.

For further information, please contact:
Ole Chr. Willumsen, CFO, +47 48 21 34 29, 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 its first
harvest in Q3 2024. Through land-based salmon farming, using high-quality
groundwater 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.

The information was published on March 25 at 16:13 by Ole Christian Willumsen,
CFO.

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