Icelandic Salmon AS

Icelandic Salmon AS reaches a new milestone: Authorities has given out a license of 10,000-tonnes of salmon in Ísafjarðardjúp

Arnarlax, a company wholly owned by Icelandic Salmon, has been informed that the

Icelandic Food and Veterinary Authority (MAST) and Environment Agency of Iceland

(UST) have given out a licence to Arnarlax of a salmon farming license in

Ísafjarðardjúp.

The license is for 10,000 tonnes maximum allowed biomass of sterile salmon, on

3 new sites in Ísafjarðardjúp.

"We are glad that finally this process has reached its finish line. We are

excited about this increase in our license portfolio of 43%, and the

opportunities this gives us for further sustainable growth," says CEO Bjørn

Hembre

With this new 10,000-tonnes license, Arnarlax will have a total license capacity

of 33,700 tonnes, divided into 23,700 tonnes of fertile salmon in Arnarfjörður,

Patreks and Tálknafjörður, and 10,000 tonnes of sterile salmon in Ísafjörður.

Last outstanding application for Arnarlax is now a 4.500 tonnes MAB licence in

Arnarfjörður, which we expect to be handled according to the new legislation.

For further information, please contact:

CEO Bjørn Hembre

Tel: +354 620 1936

CFO Jónas Heiðar Birgisson

Tel: +354 414 0609

About Icelandic Salmon:

Icelandic Salmon is dual-listed company, both at the Euronext Growth in Oslo and

Nasdaq First North in Iceland. The company is the 100% owner of Arnarlax ehf,

the leading farming company in Iceland with their head office in Bildudalur. The

company is fully integrated, from egg to the fish is delivered to customers in

the market, with control over all parts of the value chain.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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