Andfjord Salmon

Earnings Release • Jun 19, 2025

Andfjord Salmon: NOK 400 million sale-leaseback of harbour area completed

Andfjord Salmon: NOK 400 million sale-leaseback of harbour area completed

19.6.2025 07:00:01 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS (Andfjord Salmon) is pleased to announce the completion

of the sale of the harbour area at the company's Kvalnes site at Andøya, Norway.

Reference is made to the stock exchange announcement dated 26 February 2025

regarding the potential sale- and leaseback of the harbour area at Andfjord

Salmon's Kvalnes site.

The harbour property has now been successfully de-merged from Andfjord Salmon,

and all relevant agreements related to the sale- and leaseback have been

executed. Andfjord Salmon further confirms the receipt of NOK 400 million in

gross transaction proceeds.

With this, Asset Buyout Partners AS ("ABP") has taken ownership of the harbour

property which will be leased back to Andfjord Salmon on an 80-year contract at

7.5 % yield, adjusted for CPI.

"We are pleased to complete this transaction with ABP. The sale-leaseback is an

integral part of our total financing package for the Kvalnes site, where salmon

production is set to re-commence September this year", says Martin Rasmussen,

CEO of Andfjord Salmon.

William W. Wittusen, CEO of ABP, comments: "We are pleased to finalize the

agreement to purchase Andfjord Salmon harbour facility at Andøya. The harbour

facility is mission critical for Andfjord Salmon and will further contribute to

diversify ABP's portfolio in terms of geography, asset type and tenant exposure.

The transaction is a result of our long-term focus on the Norwegian aqua

industry and increases ABPs presence in Northern Norway, which is a strategic

region for ABP going forward."

Arctic Securities AS acted as financial advisor and Advokatfirmaet Schjødt AS

acted as legal advisor to Andfjord Salmon.

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,

bjarne.martinsen@andfjord.no

* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,

martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord

Salmon is developing the world's most sustainable and fish-friendly aquaculture

facility of its kind. Through a proprietary flow-through system, Andfjord Salmon

combines the best from ocean and land-based salmon farming. In its first

production cycle, the company achieved an industry-leading survival rate of 97.5

percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and

required 1 kWh to produce one kilo of salmon. For more information, see

www.andfjordsalmon.com - http://www.andfjordsalmon.com.

ABOUT ASSET BUYOUT PARTNERS AS

ABP is a leading Norwegian industrial real estate company with a dedicated

investment strategy focusing on mission-critical real estate and infrastructure

located in major Norwegian energy and maritime clusters. ABP is owned by the

listed Swedish real estate company Fastighets AB Balder . For more information,

see https://www.abpre.no/.