Aker BioMarine — Investor Presentation 2021

Jan 14, 2021

INVI is a B2B brand promoting a protein ingredient with broad application potential for human consumption

A Presentation by Matts Johansen, CEO Aker BioMarine Lalen Dogan, VP Protein Human Nutrition Aker BioMarine

The development of INVI is in line with Aker BioMarine's strategy to innovate new products with higher value

From small scale experiments to construction of a plant in Norway

INVI™ Protein is a novel, high quality protein ingredient for food and beverages…

claims on muscle function

› Clear in solution

January 14, 2021 Slide 5

› Ideal amino acid profile

› Free from dairy & soy

› Supports fat-free claims

…that meet CPG brands' and their end-consumers' needs

INVI offers high content of essential amino acids and important minerals - all to support human health

Source: PwC survey (US consumer survey on consumers of protein products)

INVI's unique quality and composition makes it suitable for a range of applications - sports products is a natural first step

Source: Euromonitor 2020 – Protein & supplement market data (2020 might include forecasted figures)

Sport products with the INVI ingredient will compete in the premium range of the price spectrum

Source: Euromonitor 2020 – Protein market data, Mintel 2020, Amazon.com (price estimates)

Trends indicate that the market is favouring novel protein sources such as INVI

Global ingredient market of protein (all figures in MT '000)

Market trends › Trend toward alternative protein sources › Researches looking for alternatives that offer same protein quality as Whey

• › Consumer demands for natural products with "clean" and "free-from" claims, e.g. No GMO and No Soy
• › CPG companies fortifying ranges of product, interest to improve technical properties of protein ingredients. e.g. solubility
• › Sourcing issues of plant-based alternatives

Source: Euromonitor 2020 – Protein market data, Mintel 2020

** PI – Protein Isolate, PH- Protein hydrolysate, vegan sources contain a conservative estimate of comparable vegan sources used in in sport products

Disclaimer: Information on this slide is not to be considered as company guidance

After confirmation of unit economics through the launch plant, a 5000 MT plant will be built.

Disclaimer: Information on this slide is not to be considered as company guidance

… with a potential to reach revenue of USD 100m by 2029

Disclaimer: Information on this slide is not to be considered as company guidance

Expanding portfolio with high margin product innovations