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AKVA Group AGM Information 2026
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AGM Information
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Docusign Envelope ID: 5E07EF14-3500-8609-832C-EA476B58FD90
This office translation is for information purposes only. Legal authenticity remains with the original document.
AKVA GROUP
Minutes from annual general meeting in
AKVA group ASA
(reg.no. 931 693 670)
Thursday, 21 May 2026 at 17:00 (CEST) the annual general meeting of AKVA Group ASA was held. The annual general meeting was held as a digital meeting.
In accordance with the notice of the annual general meeting dated 22 April 2026, the meeting had the following
Agenda
- Opening of the general meeting by the chair of the board, and registration of participating shareholders
- Election of chair of the meeting and of a person to co-sign the meeting minutes
- Approval of the notice to the meeting and the agenda
- Ordinary agenda items
4.1 Presentation of business activities by Group chief executive officer Knut Nesse
4.2 Approval of the 2025 annual accounts of AKVA group ASA and the Group, and the board's annual report
4.3 Determination of board members' remuneration
4.4 Determination of nomination committee members' remuneration
4.5 Approval of auditor's fees
4.6 Report on salaries and other remuneration to executive personnel
4.7 Approval of the board of directors' guidelines on the determination of salaries and other remuneration to executive personnel
4.8 Statement on corporate governance
4.9 Election of board members
4.10 Election of nomination committee members
- Authorisation to increase the share capital
- Authorisation to purchase own shares
- Authorisation to resolve the distribution of dividends
1 OPENING OF THE GENERAL MEETING BY THE CHAIR OF THE BOARD, AND REGISTRATION OF PARTICIPATING SHAREHOLDERS
The general meeting was opened by the chair of the board of directors, Hans Kristian Mong, who registered the participating shareholders. The list of participating shareholders is enclosed to these minutes as Appendix 1.
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The record of attending shareholders showed that 29,671,015 shares and votes were represented, which corresponds to approximately 81.52 % of the company's shares with voting rights.
2 ELECTION OF CHAIR OF THE MEETING AND OF A PERSON TO CO-SIGN THE MEETING MINUTES
Attorney at law Ketil E. Bøe was elected to chair the general meeting.
The chief financial officer, Ronny Meinkøhn, was elected to co-sign the minutes of the general meeting.
The resolutions were made with the required majority, please see the voting results set out in Appendix 2 to these minutes.
3 APPROVAL OF THE NOTICE TO THE MEETING AND THE AGENDA
The general meeting was held as a digital meeting. No objections were made to the notice and the proposed agenda.
The notice of the general meeting and the agenda were approved.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4 ORDINARY AGENDA ITEMS
4.1 Presentation of business activities by Group chief executive officer Knut Nesse
The chief executive officer's presentation was not held since no shareholders had registered attendance for digital participation at the general meeting.
4.2 Approval of the 2025 annual accounts of AKVA group ASA and the Group, and the board's annual report
The general meeting resolved to approve the annual accounts for 2025 for AKVA group ASA and the Group, and the board's annual report, including the board's proposal to transfer the profit of 2025 to other equity.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.3 Determination of board members' remuneration
In accordance with the proposal from the nomination committee, the general meeting resolved that the remuneration to the board of directors shall be set as follows:*
| Chair of the board: | NOK 398,200 |
|---|---|
| Deputy chair of the board: | NOK 264,400 |
| Board members: | NOK 244,900 |
| Board committee members: | NOK 6,700 per meeting |
| Chair of the compensation committee: | NOK 25,700 fixed yearly fee |
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Chair of the audit committee: NOK 44,400 fixed yearly fee
Employee elected board members: NOK 63,900
*Unless otherwise stated, the remuneration applies for the period up to the annual general meeting in 2027.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.4 Determination of nomination committee members' remuneration
In accordance with the proposal from the nomination committee, the general meeting resolved that the remuneration shall be set at:
Chair of the nomination committee: NOK 31,400
Members of the nomination committee: NOK 22,700
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.5 Approval of auditor's fees
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The general meeting approves the auditor's fees of NOK 5,470,000 for the accounting year of 2025.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.6 Report on salaries and other remuneration to executive personnel
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The general meeting endorses the board's report on salaries and other remuneration to executive personnel for 2025.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.7 Approval of the board of directors' guidelines on the determination of salaries and other remuneration to executive personnel
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The general meeting approves the board's guidelines on determination of salaries and other remuneration to executive personnel in accordance with section 6-16 a of the Companies Act.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
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4.8 Statement on corporate governance
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The general meeting endorses the statement on corporate governance as included in the annual report.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.9 Election of board members
In accordance with the proposal from the nomination committee, the general meeting made the following resolution:
The following are re-elected as shareholder-elected members of the board of directors for the period up until the annual general meeting in 2027:
- Mr. Hans Kristian Mong, chair
- Mr. Frode Teigen, board member
- Mr. Yoav Doppelt, board member
- Ms. Kristin Reitan Husebø, board member
- Ms. Heidi Nag Flikka, board member
- Mr. Tore Rasmussen, board member
- Ms. Irene Heng Lauvsnes, board member
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
4.10 Election of nomination committee members
In accordance with the proposal from the nomination committee, the general meeting made the following resolution:
The nomination committee shall consist of the following persons for the period up until the annual general meeting in 2027:
- Mr. Eivind Helland, chair
- Mr. Ingvald Fardal, member
- Ms. Nina Willumsen Grieg, member
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
5 AUTHORISATION TO INCREASE THE SHARE CAPITAL
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The board is authorised to increase the company's share capital by up to NOK 3,666,773, through subscription of new shares. The authorisation does not permit the board to waive the pre-emptive right of shareholders pursuant to section 10-4 of the Companies Act, nor carry out a capital increase through payments in kind, nor incur special obligations on behalf of the company as set out in section 10-2 of the Companies Act, nor make decisions on mergers pursuant to section 13-
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5 of the Companies Act, and may not be used in connection with the company's option programme.
The authorisation shall be in force until the earlier of the time of the annual general meeting in 2027 and 30 June 2027. This authorisation replaces the authorisation to the board to increase the company's share capital granted by the general meeting on 22 May 2025.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
6 AUTHORISATION TO PURCHASE OWN SHARES
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The board is, pursuant to section 9-2 to 9-4 of the Companies Act, authorised to purchase and hold shares in the company. The shares to be acquired under this authorisation shall not be acquired at a higher value than at market terms on a regulated market where the shares are traded, and the minimum and maximum price that may be paid for each share is NOK 1 and NOK 200, respectively.
This authorisation may be used one or several times. The maximum face value of the shares which the company may acquire pursuant to this authorisation is in total NOK 916,693 which equals approximately 2.5% of the company's share capital.
Acquisitions of shares pursuant to this authorisation may only take place if the company's distributable reserves according to the most recent balance sheet exceed the remuneration for the shares to be acquired. The board is otherwise free to determine the terms on which the company's own shares will be acquired and sold, provided that an acquisition of shares under this authorisation cannot be made unless it is in accordance with prudent and good business practice, with due consideration to losses which may have occurred after the balance-sheet date or are expected to occur.
The authorisation shall be in force until the annual general meeting in 2027, however, not later than until 30 June 2027. This authorisation replaces the authorisation to the board to purchase own shares, granted by the general meeting on 22 May 2025.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
7 AUTHORISATION TO RESOLVE THE DISTRIBUTION OF DIVIDENDS
In accordance with the board of directors' proposal, the general meeting made the following resolution:
The board of directors is authorised pursuant to the Companies Act section 8-2 (2) to approve the distribution of dividends based on the company's annual accounts for 2025. The authorisation also includes distributions in the form of repayment of paid-in capital.
The authorisation may be used to resolve the distribution of dividends up to an aggregated amount of NOK 150,000,000.
The authorisation is valid for dividends approved from and including the second quarter of
Docusign Envelope ID: 5E07EF14-3500-8609-832C-EA476B58FD90
2026 and until the annual general meeting in 2027, however, not later than 30 June 2027.
The board determines from which date the shares will be traded ex-dividend.
This authorisation replaces the authorisation to the board to resolve the distribution of dividends granted by the general meeting on 22 May 2025.
The resolution was made with the required majority, please see the voting results set out in Appendix 2.
No further items being on the agenda, the annual general meeting was adjourned.
Appendices:
- List of participating shareholders
- Voting results
Docusign Envelope ID: 5E07EF14-3500-8609-832C-EA476B58FD90
AKVA GROUP
Appendix 1
AKVA group ASA – Annual General Meeting 21 May 2026
Total shares/votes* represented at the AGM
| Name | Representing own shares | Represented by proxy without voting instructions | Proxy with voting instructions | Total shares attending AGM | |
|---|---|---|---|---|---|
| 1 | Egenlund Group AS | 18 703 100 | 18 703 100 | ||
| 2 | Israel Corporation Ltd. | 6 600 150 | 6 600 150 | ||
| 3 | Exelon Corporation Pension Master Retirement Trust | 1 399 | 1 399 | ||
| 4 | Nordea Avisetning Fund | 994 671 | 994 671 | ||
| 5 | Nordea 1 SICAV | 271 150 | 271 150 | ||
| 6 | Nordea Nordic Small Cap Fund | 257 590 | 257 590 | ||
| 7 | Vardipapirfondet Alfred Berg Norge | 246 902 | 246 902 | ||
| 8 | Vardipapirfondet Alfred Berg Norge | 437 189 | 437 189 | ||
| 9 | Nordea Norge Pluss Fund | 414 999 | 414 999 | ||
| 10 | Nordea Norwegian Sustainable Stars Fund | 400 621 | 400 621 | ||
| 11 | Vardipapirfondet Alfred Berg Gambia | 906 510 | 906 510 | ||
| 12 | IFM Independent Fund Manag. AG aTd Borellde Global Fish Fund | 400 000 | 400 000 | ||
| 13 | Investeringsforeningen Nordea Invest Nordic Small Cap KL | 580 | 580 | ||
| 14 | Europe Small Caps | 34 204 | 34 204 | ||
| 15 | Citi Retirement Savings Plan | 1 287 | 1 287 | ||
| 16 | State Street SFDR Portfolio Europe ETF | 385 | 385 | ||
| Total shares present: | 0 | 0 | 29 671 015 | 29 671 015 | |
| Percentage of total votes: | 0.00 % | 0.00 % | 81.52 % | 81.52 % | |
| Percentage of total shares: | 0.00 % | 0.00 % | 80.92 % | 80.92 % | |
| Total number of issued shares: | 36 667 733 | ||||
| --- | --- | ||||
| Number of shares without voting rights (Treasury shares): | 272 629 | ||||
| Total number of shares with voting rights: | 36 395 704 |
*Each share represents one vote
Docusign Envelope ID: 5E07EF14-3500-8609-832C-EA476B58FD90
AKVA GROUP
Appendix 2
AKVA group ASA - Annual General Meeting 21 May 2026
Summary of votes from the AGM
| ISIN: | N00000007503 |
|---|---|
| Date of General Meeting: | 21 May 2026 at 17:00 CEST |
| Date of today: | 21 May 2026 |
| Share category | In favour |
| --- | --- |
| Item 2. Election of chair of the meeting and of a person to co-sign the meeting minutes | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 3. Approval of the notice to the meeting and the agenda | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.2 Approval of the 2025 annual accounts of AKVA group ASA and the Group, and the board's annual report | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.3 Determination of board members' remuneration | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.4 Determination of nomination committee members' remuneration | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.5 Approval of auditor's fees | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.6 Report on salaries and other remuneration to executive personnel | |
| Ordinary | 25 703 297 |
| % of votes | 86,628 % |
| % of share capital represented | 86,628 % |
| Total | 25 703 297 |
| Item 4.7 Approval of the board of directors' guidelines on the determination of salaries and other remuneration to executive personnel | |
| Ordinary | 25 703 682 |
| % of votes | 86,628 % |
| % of share capital represented | 86,628 % |
| Total | 25 703 682 |
| Item 4.8 Statement on corporate governance | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.9 a Election of board member - Hans Kristian Meng, chair (re-election) | |
| Ordinary | 29 670 630 |
| % of votes | 99,999 % |
| % of share capital represented | 99,999 % |
| Total | 29 670 630 |
| Item 4.9 b Election of board member - Kristin Reitan Husebø, deputy chair (re-election) | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.9 c Election of board member - Frode Teigen, board member (re-election) | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.9 d Election of board member - Heidi Nag Flikka, board member (re-election) | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
| Item 4.9 e Election of board member - Tore Rasmussen, board member (re-election) | |
| Ordinary | 29 671 015 |
| % of votes | 100 % |
| % of share capital represented | 100 % |
| Total | 29 671 015 |
Docusign Envelope ID: 5E07EF14-3500-8609-832C-EA476B58FD90
| % of votes | 99,066 % | 0,001 % | |||
|---|---|---|---|---|---|
| % of share capital represented | 99,066 % | 0,001 % | 100 % | ||
| Total | 29 870 630 | 385 | - | 29 871 015 | - |
| Item 4.9 g Election of board member - Irene Heng Lauvenes (re-election) | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |
| Item 4.10 a Election of nomination committee member - Eivind Holland, Chair (re-election) | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |
| Item 4.10 b Election of nomination committee member - Ingoold Fordal, member (re-election) | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |
| Item 4.10 c Election of nomination committee member - Nina Willumsen Grieg, member (re-election) | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |
| Item 5. Authorization to increase the share capital | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |
| Item 6. Authorization to purchase own shares | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |
| Item 7. Authorization to resolve the distribution of dividends | |||||
| Ordinary | 29 871 015 | - | - | 29 871 015 | - |
| % of votes | 100 % | ||||
| % of share capital represented | 100 % | 100 % | |||
| Total | 29 871 015 | - | - | 29 871 015 | - |