SalMar ASA

M&A Activity • Nov 10, 2022

Oppgjør av det frivillige tilbudet på NTS gjennomført - flagging

Oppgjør av det frivillige tilbudet på NTS gjennomført - flagging

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, HONG KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Frøya, 10. november 2022

Det vises til tilbudsdokument datert 17. Mars 2022 («Tilbudsdokumentet») og etterfølgende børsmeldinger, inklusive oppgjørsnotis 31. oktober 2022, for det anbefalte frivillige tilbudet fra SalMar ASA («SalMar» eller «Tilbyder») om erverv av samtlige utstedte aksjer i NTS ASA («NTS») («Tilbudet»).

Oppgjør av Tilbudet er nå gjennomført. For hver aksje i NTS det var mottatt gyldig aksept har Tilbyder betalt et vederlag bestående av et kontantvederlag stort NOK 26,86482 og 0,143241 nye aksjer i SalMar. SalMar har utstedt i alt 9 487 371 aksjer som vederlag i Tilbudet.

I tillegg har Tilbyder, i henhold til punkt 4.7 (Consideration) i Tilbudsdokumentet, betalt rente på kontantvederlaget tilsvarende 3 måneders NIBOR + 1,35 % per annum beregnet fra 15. juni 2022 frem til oppgjør av Tilbudet, tilsvarende NOK 0,42276 per aksje.

Etter oppgjør av Tilbudet eier Tilbyder 66 235 009 aksjer i NTS, tilsvarende om lag 52,69 % av den samlede aksjekapitalen og stemmerettighetene i NTS, og har til hensikt å fremsette et pliktig tilbud på de resterende aksjene i NTS i samsvar med verdipapirhandelloven kapittel 6. Tilbyder eier ingen andre stemmerettigheter, rettigheter til aksjer eller andre finansielle instrumenter i NTS.

Arctic Securities AS er finansiell rådgiver og oppgjørsagent og Advokatfirmaet BAHR AS er juridisk rådgiver til SalMar.

For ytterligere informasjon, vennligst kontakt:

Håkon Husby, IR-ansvarlig SalMar

Tlf: +47 936 30 449

Epost: hakon.husby@salmar.no

Disse opplysningene er informasjonspliktige etter verdipapirhandelloven §§ 4-2 og 5-12.

About SalMar

SalMar is one of the world's largest and most efficient producers of salmon. The group has farming operations in Central Norway, Northern Norway and Iceland, as well as substantial harvesting and secondary processing operations in Norway, at InnovaMar in Frøya, InnovaNor in Senja and Vikenco in Aukra. In addition, the company is operating within offshore aquaculture through the company SalMar Aker Ocean. SalMar also owns 50% of the shares in Scottish Sea Farms Ltd.

See www.salmar.no for more information about SalMar.

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The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions. When published, the Offer Document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or within any jurisdiction where prohibited by applicable law, including, without limitation, Canada, Australia, New Zealand, South Africa, Hong Kong and Japan. The Offeror does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

This announcement is not a tender offer document and, as such, does not constitute an offer or the solicitation of an offer to acquire the Shares. Investors may accept the Offer only on the basis of the information provided in the Offer Document. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any tender offer document or registration or other requirements would apply in addition to those undertaken in Norway.

Notice to U.S. Holders

U.S. Holders (as defined below) are advised that the Shares are not listed on a U.S. securities exchange and that the Company is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the "U.S. Exchange Act"), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the "SEC") thereunder. The Offer will be made to holders of Shares resident in the United States ("U.S. Holders") on the same terms and conditions as those made to all other holders of Shares of the Company to whom an offer is made. Any information documents, including the Offer Document, will be disseminated to U.S. Holders on a basis comparable to the method that such documents are provided to the Company's other shareholders to whom an offer is made. The Offer will be made by the Offeror and no one else.

The Offer will be made to U.S. Holders pursuant to Section 14(e) and Regulation 14E under the U.S. Exchange Act as a "Tier II" tender offer, and otherwise in accordance with the requirements of Norwegian law. Accordingly, the Offer will be subject to disclosure and other procedural requirements, including with respect to the offer timetable, settlement procedures and timing of payments, that are different from those that would be applicable under U.S. domestic tender offer procedures and law.

Pursuant to an exemption from Rule 14e-5 under the U.S. Exchange Act, the Offeror and its affiliates or brokers (acting as agents for the Offeror or its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase or arrange to purchase, Shares or any securities that are convertible into, exchangeable for or exercisable for such Shares outside the United States during the period in which the Offer remains open for acceptance, so long as those acquisitions or arrangements comply with applicable Norwegian law and practice and the provisions of such exemption. To the extent information about such purchases or arrangements to purchase is made public in Norway, such information will be disclosed by means of an English language press release via an electronically operated information distribution system in the United States or other means reasonably calculated to inform U.S. Holders of such information. In addition, the financial advisors to the Offeror may also engage in ordinary course trading activities in securities of the Company, which may include purchases or arrangements to purchase such securities.

Neither the SEC nor any securities supervisory authority of any state or other jurisdiction in the United States has approved or disapproved the Offer or reviewed it for its fairness, nor have the contents of the Offer Document or any other documentation relating to the Offer been reviewed for accuracy, completeness or fairness by the SEC or any securities supervisory authority in the United States. Any representation to the contrary is a criminal offence in the United States.