Arctic Fish Holding

Earnings Release • Apr 8, 2021

Arctic Fish Q1 2021 Trading Update

Arctic Fish Q1 2021 Trading Update

Harvested volumes for the first quarter 2021 was, 3.8 thousand tonnes gutted weight

The full Q1 2021 report will be released on 11 May 2021 at 06:30 CET.

For further information, please contact:

· CFO Neil Shiran Thorisson, +354 8315300

Arctic Fish in brief

Arctic Fish (Afish) has 17 100 tonnes of Maximum Allowed Biomass licenses (MAB) to farm salmon and trout. The licenses are in the Westfjords of Iceland. Of the total license, 5 300 tonnes are for trout, that are not currently being utilized and will be converted to salmon licenses in an ongoing application process. Arctic Fish is one of the largest salmon farmers 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 will bring the total up to 31 900 tonnes MAB 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.

This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act