Statt Torsk ASA

Earnings Release • Nov 11, 2022

Statt Torsk ASA – Third quarter 2022 Financial report

Statt Torsk ASA – Third quarter 2022 Financial report

On track to deliver stable and predictable volumes year around

Operational highlights in the quarter:

• Sales agreement for 1,600 tons WFE, value approx. 75 MNOK

• Growth and biology developing according to plan

• Rekvika granted 3 new licenses expansion from 3 to 6 MABs.

• After the end of the quarter 4 new licenses were granted at Apalset.

• Secured biomass overdraft facility from large Norwegian bank of 35 MNOK

• Signed 12 months time charter for wellboat

• First Harvest at Western Seaproducts at Vartdal

Statt expects to harvest 500-550 tons in Q4 22 and 4,500 tons in 2023.

Gustave Brun-Lie, CEO of Statt Torsk ASA (“Statt”) comments: “Several building blocks came into place during Q3. The biological production is progressing according to plan, we have secured capacity on wellboat transportation, we harvested our first batches at Western Seaproducts and we secured a large sales agreement.”

Including the recent license award at Apalset, Statt Torsk ASA has 3 production sites in Stad municipality with a total of 12 licenses/MAB 9,360 tons. Target for the Statt cluster is 24 licenses at 4-6 sites, and a total production of 12.000 tons.

For more information, contact:

Gustave Brun-Lie, CEO, gbl@statt.no

Bjug Borgund, CFO, bb@statt.no

About Statt Torsk ASA

Statt Torsk ASA is listed on Euronext Growth Oslo with ticker “STATT” and with operations in Stad municipality. The company produces and sells farmed Atlantic cod. In 2016-2021, the company carried out three pilot productions to clarify whether commercial production was possible. STATT has currently two sites in production.

This stock exchange announcement was published by Bjug Borgund, CFO in Statt Torsk ASA, on 11 November 2022 at 08:00 CET.