Proximar Seafood AS: Amended Bond Terms - Result from bondholders' meeting

16 Sep 2025 16:59 CEST

16 September 2025 – Proximar Seafood AS (the "Company") - Bond terms dated 21
October 2022, as amended by a tap issue addendum dated 5 April 2023 (as amended,
the “Bond Terms”, pertaining to the 7.00 per cent subordinated unsecured
convertible NOK 300,000,000 bonds 2022/2025 (the “Bonds”).

Reference is made to the previous announcement dated 9 July 2025 setting out the
Company's refinancing plan including the amendment of the Bond Terms.

The Company is pleased to announce that the Bondholders’ Meeting was held today,
and the proposed resolution was approved by way of written resolution. Please
see the attached the written resolution along with the original summons. All
capitalised terms used, but not defined herein, shall have the same meaning
assigned to them in the Bond Terms.

This result ensures that the maturity Bonds have been extended by 15 months to
27 January 2027 and the interest reduced from 7% to 5% p.a, and in addition a
Temporary Adjusted Conversion Price of NOK 1 has been introduced which is
exercisable in the period from 2 September 2025 to and including 18 September
2025. The amended Bond Terms remain subject to the successful completion of the
contemplated Rights Issue and necessary resolutions by the extraordinary general
meeting of the Company to be held 17 September 2025.

For further information, please contact:

Joachim Nielsen, CEO, +81 70 28 11 98 98, jn@proximar.com
Ole Chr. Willumsen, CFO, +47 48 21 34 29 ocw@proximar.com

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

More information:
Access the news on Oslo Bors NewsWeb site

655517_Proximar Seafood AS - Notice of Written Resolution Final - 2 September.pdf
655517_NO0012733387_NB_20250916.pdf