Arctic Fish Holding

Arctic Fish (AFISH): Publishing preliminary financial figures for the fourth quarter of 2021

Arctic Fish has today published preliminary financial figures for the 4th quarter of

2021 which are attached to this stock exchange announcement.

Headlines for the 4th quarter of 2021:

The group's total operating revenues in the fourth quarter of 2021 amounted to

NOK 166.3 million. This resulted in an operational EBIT for the fourth quarter

of 2021 of NOK 27.5 million, while profit before tax in the fourth quarter of

2021 was NOK 13.1 million.

Final figures for the fourth quarter will be presented in connection with Arctic Fish’s

quarterly reporting on 23 February 2022. The final figures may deviate from the

preliminary figures.

For more information, please contact:

CFO Neil Shiran Thorisson,[email protected], +354 8315300

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act

Arctic Fish in brief

Arctic Fish (AFISH) has 23 100 tonnes of Maximum Allowed Biomass licenses (MAB)

to farm salmon and trout. The licenses are in the Westfjords of Iceland. Out of

the total license volume, 5 300 tonnes are for trout, that are not currently

being utilized and will be converted to salmon licenses in the ongoing

application process. Arctic Fish is one of the leading salmon farmers in Iceland and has an

attractive and sustainable setup of the licenses with active licenses in 3

fjords and applications being finalized in 2 additional fjords that can bring

the total volume up to 31 900 tonnes in the coming years. The company owns a

state-of-the-art RAS hatching and smolt production that is the foundation of the

operations. Further investments are being made in smolt production and

harvesting that will contribute to the future growth of the company.

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