BioFish Holding AS

Earnings Release • Dec 14, 2023

Third quarter 2023 results

Third quarter 2023 results

Biofish Holding AS ("Biofish" or the "Company"), today announced its unaudited financial and operating results for the three and nine months ended September 30, 2023. Key events during the third quarter of 2023:

• Biofish achieved a net result of NOK 8.1 million in the third quarter, the first quarter ever with a

reported positive net result. Year to date result ended at NOK 0.8 million

• In September the Company successfully delivered 3 batches of smolt, totalling 250 tons, bringing the year-

to-date deliveries of smolt to a total of 450 tons

• The capacity expansion plan was completed early October 2023

• The Company has received a valuation of the production facility of NOK 640 million

• New CEO appointed from 1 October 2023

The Board of Directors Report, the Condensed Consolidated Financial Statements and the Q3 2023 Presentation are available in the enclosed files.

For further information:

Sondre Johnsrud, CEO +47 975 79 321

December 14, 2023

Board of Directors

Biofish Holding AS