Proximar Seafood AS - Option allocation to primary insiders and employees

09 Jan 2026 15:55 CET

Reference is made to the resolution by the extraordinary general meeting of
Proximar Seafood AS (the “Company”) 17 September 2025 (the “OGM”) where it was
approved to update the share option scheme as per the proposal of the Board.

The Company has awarded 17,742,738 new share options (the New Options”). In
conjunction with the New Options 3,590,000 vested and unvested share options
granted under previous programs (the “Existing Unvested Options”) will lapse.

The strike price of the New Options was set at NOK 0.90 (the "Strike Price") in
accordance with the share option scheme.

The New Options will vest with one third each year and first vesting on 25
November 2026.

The following primary insiders have been granted New Options as follows (number
of cancelled options in parentheses):

Joachim Nielsen (CEO): 14,329,738 (2,400,000)
Yoshihito Ito (Managing Director): 525,000 (not applicable)
Dharma Rajeswaran (COO): 525,000 (525,000)
Lars Stigaard (CTO): 525,000 (525,000)
Michinori Hoshijima (CCO): 525,000 (not applicable)

The primary insider notification form pursuant to the requirements of the Market
Abuse Regulation are attached.

The remaining New Options are granted to other key employees of the Proximar
group.

For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
Ole Chr. Willumsen, CFO, +47 48213429, ocw@proximar.com

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation (EU) 596/2014 article 19 and section 5-12 of the
Norwegian Securities Trading Act.

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.

More information:
Access the news on Oslo Bors NewsWeb site

663416_Primary insider notifications_option recipients 20260109.pdf