Statt Torsk ASA

Earnings Release • Aug 19, 2022

Statt Torsk ASA – Second quarter 2022 Financial report

Statt Torsk ASA – Second quarter 2022 Financial report

19 August 2022

The industry is starting to materialize

Operational highlights in the quarter and outlook:

• Stokkeneset started first commercial production

• Long-term processing agreement secured with Western Seaproducts AS, a company fully owned by Måsøval AS

• Obtained Global Gap certification

• Completed 41 MNOK private placement

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

• Test harvesting successfully completed in June

• Q2 loss as expected

• Production in line with estimated volumes

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

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

Gustave Brun-Lie, CEO of Statt Torsk ASA (“Statt”) comments: “Important milestones have indeed been achieved after long and meticulous work by our team”

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 is now in commercial production with currently two sites with total 8 licenses in Vanylvsfjorden.

This stock exchange announcement was published by Bjug Borgund, CFO in Statt Torsk ASA, on 19 August 2022 at 08:00 CET.