Statt Torsk ASA

Environmental & Social Information • Mar 28, 2022

Statt Torsk ASA – Accelerated start-up of year-around deliveries of fresh farmed cod

Statt Torsk ASA – Accelerated start-up of year-around deliveries of fresh farmed cod

Oslo 25 March 2022

Statt Torsk ASA (“Statt” or “the Company”) completed its third pilot production of farmed cod in January 2022, confirming both the expected cost level and biological performance.

Following the completion of the pilot production, Statt has decided to adapt its harvest plan going forward to accelerate the start-up of year-around deliveries of farmed cod.

With the new harvest plan, Statt expects to start delivering fresh, healthy and sustainable farmed cod to European clients on a consistent weekly basis from 2H 2022, more than a year earlier than originally planned.

Stable year around harvest is a pre-requisite to build a sustainable market position and to develop the farmed cod category. Statt is also in the process of strengthening its sales and marketing organization to develop products and brands in cooperation with clients.

In parallel the company will continue its gradual build-up of an efficient production cluster and value chain in the Stad municipality, maintaining its targeted harvest volumes of 12.000 tons per year.

Please find attached an updated company presentation.

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 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. The company is now in commercial production with currently two sites in Vanylvsfjorden.