Arctic Fish Holding

Earnings Release • Nov 6, 2024

Q3 2024 – Continued operational success

Q3 2024 – Continued operational success

The third quarter of 2024 continues to maintain improved Operational EBIT pr. kg results compared to prior year periods, as Q3 2024 was the third quarter in a row that beats previous year’s results.

Harvested quantities in Q3 amounted to 3,407 tonnes compared to 4,383 tonnes for the same period last year.

Operational EBIT pr. kg in Q3 amounted to 0.27 EUR pr. kg compared to 0.17 EUR pr. kg last year.

Biological development and growth maintained steady levels.

Long-term harvest volume guidance for Arctic Fish of 25,000 tonnes in 2029 was re-iterated.

The presentation materials are attached to this notice and can also be found on the company website: https://www.arcticfish.is/investor-relations/

A recorded presentation is also available from 9:00 am CET (08:00 am GMT) via https://www.arcticfish.is/webinar/ and questions can be sent to ir@arcticfish.is.

Questions will be answered as soon as possible and subsequently posted on the website.

For additional interest and questions regarding the Q3 results, meetings can be requested with management.

For information, please contact:

Stein Ove Tveiten

Email: sot@afish.is

Tel: +354 843 9900

Baldur Smári Einarsson

Email: bse@afish.is

Tel: +354 690 1222

Arctic Fish in brief

Arctic Fish (AFISH) is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 11 farming areas in 6 different fjords, all located in the Westfjords of Iceland. The company's value chain consists of a state-of-the-art RAS hatching and smolt production facility, attractive sea sites with high bearing capacity and high-energy equipment, and a newly completed harvesting facility with sufficient capacity to secure the utilization of the licenses and growth objectives for the company.

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