Mowi ASA

Legal Proceedings Report • Jun 23, 2022

Renewal of salmon farming licenses in British Columbia, Canada

Renewal of salmon farming licenses in British Columbia, Canada

Mowi Canada West's salmon farming licenses in British Columbia are up for

renewal 30 June 2022, and according to an announcement the Government of Canada

has decided to renew them for a 2-year term to allow for the development of a

transition plan for salmon farming in British Columbia. The first step will be

one year of consultation on the development of the plan.  At the time of

writing, the content of the plan remains unclear; however, Mowi Canada West will

continue to work with all levels of Government, including First Nations, to

secure a future for sustainable and viable salmon farming in British Columbia

and securing important jobs for the province and rural coastal communities.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.