BioFish Holding AS

Share Issue/Capital Change • Mar 13, 2023

BIOFISH HOLDING AS: New share capital registered

BIOFISH HOLDING AS: New share capital registered

BIOFISH HOLDING AS: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

BIOFISH HOLDING AS: New share capital registered

Reference is made to the stock exchange notices from BioFish Holding AS ("BioFish" or the "Company") on 2 March 2023 and 3 March 2023 regarding the final results of a subsequent offering of 15,000,000 new shares in the Company, and the completion of an employee offering of 2,000,000 new shares in the Company, (together the “Offer Shares”) at a subscription price of NOK 1 per share.

The share capital increase pertaining to the issuance of the Offer Shares, together with the accompanying warrants (one warrant per allocated Offer Share), has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Following this, the Company's registered share capital is NOK 87,900,000 divided into 87,900,000 shares, each with a nominal value of NOK 1.

For further information, please contact:

Torbjørn Skulstad, CEO

+47 483 81 546

About Biofish:

Biofish is a land-based producer of smolt – juvenile fish destined for aquaculture facilities. The company’s production takes place in its production facilitiy in Kvam on the Norwegian west coast, using a Recirulating Aquaculture System (RAS), which recycles at least 99% of the water used. Biofish deliver smolt to salmon farms along the Norwegian coast.