Andfjord Salmon

Andfjord Salmon | Operational update: fish reaches 3 kg

4.5.2023 08:00:00 CEST | Andfjord Salmon | Non-regulatory press releases

The average weight of the salmon in Andfjord Salmon's first pool at Kvalnes,

Andøya, reached 3 kilograms today. The company plans first harvest at the turn

of June/July 2023.

"We are very proud of our biological performance, especially during the cold

season. The growth and fish welfare are beyond our expectations, explained by

excellent pool conditions and colleagues that possess extensive experience and

expertise from salmon farming. We have during the past couple of weeks also

witnessed increased appetite from the salmon as ocean temperatures are

increasing," says Martin Rasmussen, CEO of Andfjord Salmon.

As of 1 May 2023, ten months after smolt release, the survival rate was 98

percent. So far in 2023, the monthly mortality rate has been 0.1 percent on

average.

The fish health and welfare remain good in the pool, which is operated with a

100 percent flow-through system.

"Independent fish health experts Åkerblå conducts fish health examinations every

month. The latest fish health report, which we received last week, is the best

so far. The fish health is excellent, which manifests itself in high growth and

an industry-leading survival rate. We look forward to conducting first harvest

and introducing our salmon to consumers soon," adds Martin Rasmussen.

Andfjord Salmon aims to conduct first harvest at the turn of June/July 2023, in

line with previous guidance.

CONTACTS

* Investors: 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 Kvalnes on the island of Andøya on the Arctic Archipelago of

Vesterålen, Norway, Andfjord Salmon has developed an innovative and sustainable

aquaculture concept for land-based farming of Atlantic salmon, based on a

flow-through technology solution. The company's ambition is to build the world's

most sustainable and fish-friendly aquaculture facility of its kind.

Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF.

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