Proximar Seafood AS: An additional JPY 300 million (approx. NOK 22 million) in bank loan facility agreed

15 Nov 2024 07:00 CET

Yokohama, Japan / Bergen, Norway 15 November 2024.

Proximar is pleased to announce that it has agreed to sign a new loan agreement
with a Japanese bank securing JPY 300 million (approx. NOK 22 million) in
additional funds. The funds are to be used for working capital purposes and
buffer liquidity. The loan, provided at attractive terms, matures on 31 August
2025. The loan is a credit facility which will be signed and available by the
end of November.

For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
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 carried out its
first harvest on 30 September 2024. Proximar’s brand and logo (Fuji Atlantic
Salmon) were officially launched in October 2024 at our partner Marubeni
Corporation’s head quarter in Tokyo.

Through land-based salmon farming, using high-quality groundwater secured close
to Mount Fuji, the company produces 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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