SalMar ASA

Legal Proceedings Report • Jan 25, 2024

Statement of Objections from the European Commission

Statement of Objections from the European Commission

The European Commission Directorate-General Competition ("the Commission") has

today sent a Statement of Objections to SalMar ASA ("SalMar") and other

producers of farmed Norwegian salmon concerning breach of EU competition rules.

For SalMar, the case commenced upon the Commission's inspection at Scottish Sea

Farms Ltd. 19 February 2019, which has previously been informed. SalMar has

cooperated with the Commission throughout the entire case.

The Commission's preliminary assessment is that there may have occurred a breach

of EU competition law in the period 2011-2019, related to spot sales into the EU

of fresh, whole salmon farmed in Norway. The Commission has not concluded in the

case and the sending of a Statement of Objections does not preempt the outcome

of the investigation.

SalMar strongly disagrees with the Commission's preliminary assessment and will

account for SalMar's view in a thorough reply to the Commission.

The information in this announcement is considered inside information pursuant

to the Market Abuse Regulation article 7 and is subject to disclosure pursuant

to the Norwegian Securities Trading Act section 5-12.

This stock exchange announcement was published by Håkon Husby, Head of Investor

Relations at SalMar ASA, on 25 January 2024 at 12:08 CET.