SalMar ASA

Pre-Annual General Meeting Information • Oct 6, 2022

SalMar ASA - Innkalling til ekstraordinær generalforsamling

SalMar ASA - Innkalling til ekstraordinær generalforsamling

Frøya, 6. oktober 2022

Det vises til den foreslåtte fusjonen mellom SalMar («SalMar» eller «Tilbyder»)

og Norway Royal Salmon ASA («NRS») («Fusjonen») i henhold til fusjonsplanen for

Fusjonen datert 30. mai 2022 («Fusjonsplanen») godkjent av de respektive

generalforsamlingene i SalMar og NTS avholdt 30. juni 2022.

Det vises videre til tilbudsdokumentet datert 17. mars 2022

(«Tilbudsdokumentet») og etterfølgende børsmeldinger for det anbefalte

frivillige tilbudet fra SalMar ASA for å erverve alle utstedte aksjer i NTS ASA

(«NTS») («Tilbudet»).

Prosessen med å innhente nødvendige godkjennelser av Fusjonen fra aktuelle

myndigheter har tatt lenger tid enn antatt ved inngåelsen av Fusjonsplanen.

Styrene i SalMar og NRS anser det derfor nødvendig å innkalle til ekstraordinære

generalforsamlinger for å forlenge fristen for oppfyllelse av betingelsene i

punkt 8 i Fusjonsplanen. Styret i SalMar har således vedtatt å innkalle til en

ekstraordinær generalforsamling i SalMar som skal finne sted den 27. oktober

2022 klokken 12:00 (norsk tid). Generalforsamlingen vil avholdes som digitalt

møte.

Kverva Industrier AS og LIN AS, som samlet eier om lag 52% av aksjene og

stemmerettighetene i SalMar, har avgitt erklæringer om at de vil stemme for de

foreslåtte vedtakene på den ekstraordinære generalforsamlingen.

Tilbudet er fremdeles betinget av gjennomføringsbetingelsene for Tilbudet i

punkt 4.11 (Conditions for completion of the Offer) i Tilbudsdokumentet, og

Fusjonen er fremdeles betinget av vilkårene som fremgår av Fusjonsplanen.

Utelukkende hva gjelder Tilbudet, dersom gjennonføringsbetingelse no. 6

"Regulatory approvals" ikke er oppfylt innen 31. oktober 2022, men alle andre

gjennomføringsbetingelser er oppfylt, skal Tilbyder frafalle

gjennomføringsbetingelse no. 6 "Regulatory approvals".

Som annonsert ved tilbudsperiodens utløp, har Tilbyder mottatt aksepter fra om

lag 52,69 % av aksjene i NTS i Tilbudet. Tilbyder eier per i dag ingen aksjer i

NTS.

Arctic Securities AS er finansiell rådgiver og oppgjørsagent og Advokatfirmaet

BAHR AS er juridisk rådgiver til SalMar.

Kontaktinformasjon:

Linda Litlekalsøy Aase, CEO SalMar

Tlf: +47 900 74 413

Epost: linda.aase@salmar.no

Gunnar Nielsen, CFO SalMar

Tlf: +47 960 97 005

Epost: gunnar.nielsen@salmar.no

Håkon Husby, IR-ansvarlig SalMar

Tlf: +47 936 30 449

Epost: hakon.husby@salmar.no

Disse opplysningene er informasjonspliktige etter verdipapirhandelloven § 5-12.

Om SalMar

SalMar er en av verdens største og mest effektive produsenter av laks. Konsernet

har oppdrettsaktivitet i Midt-Norge, Nord-Norge og på Island, samt en betydelig

slakteri- og videreforedlingsaktivitet ved InnovaMar på Frøya, InnovaNor på

Senja og Vikenco på Aukra. I tillegg driver selskapet lakseoppdrett til havs

gjennom selskapet SalMar Aker Ocean. Videre eier SalMar 50% av Scottish Seafarms

Ltd.

Se www.salmar.no for mer informasjon om SalMar.

***

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.