BioFish Holding AS

Share Issue/Capital Change • Feb 13, 2024

BIOFISH HOLDING AS: Exercise of Warrants

BIOFISH HOLDING AS: Exercise of Warrants

Reference is made to the warrants (the "Warrants") issued by Biofish Holding AS (the “Company”) from placements in 2023, and the notice on 12 January 2024 in connection with the commencement of a second exercise period (the “Second Exercise Period”), during which holders of Warrants could subscribe for new shares in the Company at a price of NOK 1.10. The Second Exercise Period ended yesterday, 12 February 2024. Based on a preliminary count, the number of Warrants exercised in the Second Exercise Period will be 13,382,730. An update will be provided as soon as the new capital has been registered with the Norwegian Registry of Business Enterprises. Remaining Warrants may be exercised during periods each half year until their expiration in January 2026.

Primary insiders or related party of primary insiders have exercised the following number of Warrants:

- Ole Fredrik Skulstad: 950 000 warrants

- Odfjell Land AS (related party of Board member Kjetil Grønskag): 4 000 000 warrants

Ole Fredrik Skulstad owns 2,630,964 shares, representing 2.59% ownership in Biofish Holding AS, after this transaction.

Odfjell Land AS owns 12,734,686 shares, representing 12.52% ownership in Biofish Holding AS, after this transaction.

For more information please contact:

Sondre Johnsrud, CEO +47 975 79 321