Icelandic Salmon AS

Arnarlax Ehf, Has Finalized Sustainable Linked Facility Agreement With a New EUR 100 Million Bank Facility

Arnarlax ehf., a wholly-owned subsidiary of Icelandic Salmon AS, successfully

signed a Sustainable Linked Facility agreement aimed at refinancing existing

loan facilities. The new facility will support the company's growth strategy and

enhance operational flexibility.

"We have secured a EUR 100 million sustainable linked credit facility, with a

three-year tenor, through a good collaborative effort with DNB, Danske Bank, and

Arion Bank" say Jónas Heiðar Birgisson, CFO and continues "Having a Sustainable

Linked financing with favourable competitive terms support the company's vision

and ambition to be Icelandic Sustainable fish farmer. We are happy to continue

our collaboration with DNB and Arion Bank and we look forward working with

Danske bank as a strong addition to our team".

The facility encompasses a term loan facility, a revolving facility, and an

overdraft facility, complete with the added flexibility of two one-year

extension options. The new financing agreement is fully finalized and is not

subjected to any other documentations.

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 listed at the Euronext Growth. 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. See https://www.arnarlax.is for more information about the company.

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