BioFish Holding AS

Major Shareholding Notification • Dec 1, 2021

BioFish – Awilco AS becomes 10 percent owner and will join the Board of Directors

BioFish – Awilco AS becomes 10 percent owner and will join the Board of Directors

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BioFish – Awilco AS becomes 10 percent owner and will join the Board of Directors

We have been informed by Awilco AS that on 30 November Awilco AS increased its ownership in BioFish Holding to above 10 percent. As a consequence, BioFish will issue a separate notice of an extraordinary general meeting where Awilco AS will be invited to join the Board of Directors of the Company. The two main shareholders of BioFish, Monaco Invest AS and Yme Fish AS, which combined represents 47.8 percent of the share capital, have both pre-committed to vote in favor of Awilco AS joining the Board.

Torbjørn Skulstad, CEO of BioFish commented: “Awilco has been our largest external shareholder since the IPO and we are honored that they have increased their ownership in BioFish and now will take an active position in the Board of Directors. The Company’s expansion project, which will be completed in steps, is on schedule and the project is planned to be fully completed by summer 2022. Once finalized, Biofish can rapidly increase its annual production to 2,200 tons smolt per year”.

Jens-Julius Nygaard, CEO of Awilco AS commented: “BioFish has a proven track record of producing high quality smolt in an environmentally friendly and more sustainable way. This is a prerequisite to be successful in this important industry. We look forward to support the Company on its future growth plans.”

For more information please contact:

Torbjørn Skulstad, CEO +47 483 81 546

Tor Haldorsen, Chairman of the board +47 932 26 282

About BioFish: BioFish is a land-based producer of smolt – juvenile fish destined for aquaculture facilities. The company’s production takes place in its production facility in Kvam on the Norwegian west coast using a Recirculating Aquaculture System (RAS), which recycles at least 99% of the water used. BioFish delivers smolt to salmon farms along the entire Norwegian coast and may also deliver its products to customers across Northern Europe.

About Awilco AS: Awilco AS is a privately owned, industrial investment company and is a 100% owned subsidiary of Awilhelmsen AS.