Arctic Fish Holding

Earnings Release • Aug 21, 2024

Q2 2024 - Best first half of any year in the history of the company

Q2 2024 - Best first half of any year in the history of the company

The first half of 2024 has been the best in the history of Arctic Fish on two key metrics, both Operational EBIT amounting to 12 MEUR and Operational EBIT pr. kg of 3.17 EUR.

Harvested quantities in Q2 amounted to 1,275 tonnes compared to 100 tonnes for the same period last year.

Operational EBIT pr. kg in Q2 amounted to 1.82 EUR pr. kg compared to a negative Operational EBIT pr. kg last year.

The company achieved relatively good biological performance with steady growth, improved harvest average weight and high superior share.

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 10:00 am CEST (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 Q2 results, meetings can be requested with the 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 13 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.