Statt Torsk ASA

Earnings Release • Feb 11, 2022

Statt Torsk AS – fourth quarter 2021 financial report

Statt Torsk AS – fourth quarter 2021 financial report

11 February 2022

3rd pilot production completed – entering industrial scale production in 2022

Operational highlights and outlook:

• Rekvika in full production – Total of 1.17 million fingerlings transferred to sea in 2021

• Production performing well – all biological parameters are in line with our targets

• 2022 volume guiding maintained at 3,000 tons

• Excellent product quality from pilot production, total of 420 tons sold

• Approx. 70% of volume from pilot production sold to one of the largest Spanish food retailers at gross prices at the level of NOK 60+ per kg

Gustave Brun-Lie, CEO of Statt Torsk AS (“Statt”) comments: “The 3. pilot now having been completed we are now entering a new phase: Production at industrial scale. As from September this year we will deliver more than 3,000 tons of fresh and high-quality products, aiming at everyday deliveries in accordance with a defined and predictable schedule throughout January 2023. We will then have some pause and from May 2023 we shall be able to deliver whole year around”

For more information, contact:

Gustave Brun-Lie, CEO, gbl@statt.no

Bjug Borgund, CFO, bb@statt.no

About Statt Torsk AS Statt Torsk AS is listed on Euronext Growth with ticker STATT and with operations in Stad municipality. The company produces and sells Atlantic cod. In 2016-2021, the company carried out three pilot productions to clarify whether commercial production was possible. The company is on its way to commercial production, and now has two sites in Vanylvsfjorden. The company has a target of 12,000 tonnes of WFE (Whole Fish Equivalent) annual production by 2024.

This stock exchange announcement was published by Bjug Borgund, CFO in Statt Torsk AS, on 11 February 2022 at 08:00 CET.