Proximar Seafood - Adjustment of conversion price for the convertible bond

18 Aug 2025 15:33 CEST

Bergen, 18 August 2025: Reference is made to the Proximar Seafood AS (the
"Company") convertible bond with ISIN NO0012733387 (the "Bonds") issued on 25
October 2022.

As a consequence of the private placement approved by the board of directors 10
July 2025, pursuant to the board authorisation granted at the annual general
meeting held on 23 April 2025, the Company has received notice from Nordic
Trustee AS, in the capacity as Bond Trustee for the convertible bonds, that the
conversion price of the Bonds has been adjusted according to the Bond Terms
Clause 13.1, from NOK 4.0727 to NOK 3.8475. Please see the attachment for
details.

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

More information:
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653149_NO0012733387_IB_20250818.pdf