Proximar Seafood AS: Adjustment of conversion price for the convertible bond

21 Oct 2025 14:03 CEST

Bergen, 21 October 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 completed rights issue, approved by the extraordinary
general meeting 17 September 2025, where a total of 150,000,000 shares were
subscribed and allocated at a subscription price of NOK 1 per share (the "Offer
Shares"), and the issuance of 13,500,000 new shares at a subscription price of
NOK 1 per share (the "Underwriting Commission Shares") to the underwriters of
the rights issue as settlement of their underwriting commission, 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 3.8475 to NOK 2.6593. 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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657603_NO0012733387_IB_20251021.pdf