SalMar ASA

Legal Proceedings Report • May 25, 2022

SalMar ASA: Industry settlement in US civil anti-trust litigation

SalMar ASA: Industry settlement in US civil anti-trust litigation

Reference is made to the previously disclosed class-action complaints in the US

against SalMar ASA and five other producers and/or sellers of Norwegian salmon

(together with certain of their subsidiaries) (collectively referred to as the

Defendants), over claims concerning anti-competitive behavior. While all

Defendants reject that there is any basis for the claim and consider the

complaints to be entirely unsubstantiated, all Defendants in the US class action

related to the direct purchaser case have now, following a mandatory mediation

procedure, accepted a settlement offer from the direct purchaser plaintiffs

subject to approval by the court of Southern District of Florida. The total

settlement amount for all Defendants is USD 85 million.

All Defendants expressly reject the allegations regarding anti-competitive

behavior and strongly believe that the antitrust claims lack merit. Given that

the costs of litigation in the US are substantial, coupled with the timeline for

any litigation and required engagement of extensive internal resources, SalMar

ASA has nonetheless agreed to a settlement for pure commercial purposes. The

settlement does not involve any admission of liability or wrongdoing.

The information included in this announcement is defined as inside information

pursuant to article 7 of the Market Abuse Regulation and is publicly disclosed

in accordance with article 17 of the Market Abuse Regulation and section 5-12 of

the Norwegian Securities Trading Act. The announcement is made by the contact

person.

This stock exchange announcement was published by Håkon Husby, Head of Investor

Relations at SalMar ASA, on 25 May 2022 at 17:30 CET.