Andfjord Salmon

Andfjord Salmon Group AS: Mandatory notification of trade

22.5.2024 23:45:43 CEST | Andfjord Salmon | Mandatory notification of trade

primary insiders

Reference is made to the private placement announced by Andfjord Salmon Group AS

on 22 May 2024 (the "Private Placement"). Please see the attached PDMR-forms

related to (i) share lending to facilitate delivery of shares in the Private

Placement; and (ii) allocation of shares in the Private Placement.

CONTACTS

* Bjarne Martinsen, CFO, Andfjord Salmon AS, +47 975 08 345,

* Media: Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665,

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord

Salmon is developing the world's most sustainable and fish-friendly aquaculture

facility of its kind. Through a proprietary flow-through system, Andfjord Salmon

combines the best from ocean and land-based salmon farming. In its first

production cycle, the company achieved an industry-leading survival rate of 97.5

percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and

required 1 kWh to produce one kilo of salmon. Andfjord Salmon has identified a

roadmap towards a production capacity of 40,000 tonnes HOG at Kvalnes, Andøya,

and set a long-term ambition to reach 90,000 tonnes HOG across Kvalnes, Breivika

and Fiskenes at Andøya. For more information, see www.andfjordsalmon.com -

http://www.andfjordsalmon.com/.

ATTACHMENTS

Attollo II - PDMR attachment.pdf -

https://kommunikasjon.ntb.no/ir-files/17847566/3133/4524/Attollo%20II%20-%20PDMR

%20attachment.pdf

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