SalMar ASA

M&A Activity • Jan 13, 2023

Strategic review of SalMar's indirect holding in Frøy ASA

Strategic review of SalMar's indirect holding in Frøy ASA

Based on incoming interest regarding Frøy ASA (OSE:FROY) ("Frøy"), NTS ASA

("NTS"), a wholly owned subsidiary of SalMar ASA ("SalMar"), has decided to

explore strategic alternatives in Frøy with the aim of maximizing value for its

shareholders. NTS currently holds 62,269,112 shares in Frøy representing

approximately 72.11% of the shares and votes in Frøy.

NTS has engaged DNB Markets as financial advisor and Advokatfirmaet BAHR AS as

legal adviser to assist in the strategic review.

Frøy is a leading integrated provider of aqua services to Norwegian salmon

farmers. With a team of more than 800 aqua service specialists and a modern

fleet of more than 80 vessels, Frøy offers a wide range of infrastructure

services to salmon farmers. The service offering includes transport of fish,

sorting, counting, cleaning of nets, treatment for diseases and lice,

inspection, installation, and maintenance of salmon farming sites.

Further information about the company can be found on: www.froygruppen.no

(http://www.froygruppen.no)

The strategic review is expected to be concluded within 2023. No decisions have

been taken and a transaction, if any, remains subject to market conditions.

For further information, please contact:

Frode Arntsen, CEO

Tel: +47 482 06 665

Email: frode.arntsen@salmar.no

Ulrik Steinvik, CFO

Tel: +47 900 84 538

Email: ulrik.steinvik@salmar.no

Håkon Husby, Head of Investor Relations

Tlf: +47 936 30 449

Email: hakon.husby@salmar.no

This announcement is for information purposes only and does not constitute an

offer or invitation to acquire or dispose of any securities nor an investment

advice nor an inducement to enter into investment activity. This announcement

does not constitute an offer to sell or issue, nor the solicitation of an offer

to buy or acquire any securities in any jurisdiction.

Any forward-looking statements contained in this press release, including

assumptions, opinions and views, represent the sole opinions of NTS and are

subject to risks, uncertainties and other factors that may cause actual events

to differ materially from any anticipated development. Neither NTS nor its

affiliates, employees or advisors provide any assurance that the assumptions

underlying such forward-looking statements are free from errors nor do any of

them accept any responsibility for the future accuracy of the opinions expressed

in this press release or the actual occurrence of the forecasted developments.

Neither NTS nor its affiliates, employees or advisors assume any obligation to

update any forward-looking statements or to confirm these forward-looking

statements to actual results.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

announcement was published by Håkon Husby 13.01.2023 at 08:30.