AKVA Group — Investor Presentation 2020

Nov 24, 2020

Accelerated organic growth expected for AKVA group

Accelerated organic growth expected for AKVA group

Expected 1-2 million tons increase(1) in global consumption of Atlantic salmon

by 2030 drives growth expectations

The expected demand growth is in line with the increase in salmon consumption

over the last 10 years, and the outlook is strongly supported by global

megatrends where consumers focus on healthy and sustainable food produced close

to where they live.

On the supply side, a major part of the increased volume is likely to come from

conventional cage based farming, supported by improved fish health and

technology innovations. The remaining part is expected to be supplied from land

based farming and other unconventional technologies. Farming salmon closer to

consumers in Asia and US would eliminate the environmental footprint of air

transport and is expected to be cost competitive. AKVA is already involved in

several such projects as reported lately.

"For AKVA group, as a leading global supplier of technology to the salmon

industry, the expected increase in both cage based and land based salmon farming

will represent two growth engines for our business", CEO Knut Nesse states.

AKVA group will from 2021 ramp up our spending on our innovation agenda and

digital solutions to continue to be in the forefront supporting the farmers in

sustainable production of healthy fish and realizing the significant growth

potential for the industry.

The market outlook reflected above forms the basis for the group's strategy for

the period 2021-2023 as supported by the Board of directors earlier this month.

"I am pleased that we all concurred on the ambition to deliver minimum 25%

annual EBIT-increase", says CFO Ronny Meinkøhn. "We are also confident that AKVA

group already has the financial capacity to realize our organic growth strategy,

and at the same time pay an attractive and gradually increasing dividend to our

shareholders", he adds.

To summarize, the AKVA strategy includes the following key elements:

* Topline growth is primarily expected to be organic. Strong focus on

operational excellence.

* Deliver minimum 25% EBIT-increase year-on-year.

* Step by step improve return on average capital employed (ROACE) to minimum

15% by 2023.

* At least 50% increase in innovation spending to support new product

development and organic growth.

* Ramp up the spending on our 3 digital platforms AKVA connect, AKVA observe

and Fishtalk.

Our capital markets day starts at 13.00 (CET) today 24.November 2020, and an

extensive presentation package will be made available on our web-pages and at

www.newspoint.no (http://www.newspoint.no) at the same time.

Dated: 24 November 2020

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

E-mail: knesse@akvagroup.com

Ronny Meinkøhn Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

E-mail: rmeinkohn@akvagroup.com

Disclaimer

All opinions and statements in this notice are, regardless of source, given in

good faith, and may only be valid as of the stated date of this notice and may

be subject to change without notice. AKVA group has taken all reasonable steps

to ensure that the information contained in this notice is true and not

misleading. Notwithstanding such efforts, we make no guarantee as to its

accuracy or completeness.

This notice includes forward-looking statements. Forward-looking statements are

based on current plans, estimates and projections, and therefore investors

should not place undue reliance on them. Words such as "expect", "anticipate",

"believe", "intend", "estimate, "should" and other similar expressions are

intended to identify forward-looking statements, but are not the exclusive means

of identifying such statements. Forward-looking statements speaks only as of the

date they are made, and we undertake no obligation to update any forward-looking

statement in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties, most of

which are difficult to predict and generally beyond AKVA group's control.

Although it is believed that the plans, objectives, expectations, estimates and

intentions expressed in such forward-looking statements are reasonable,

investors should bear in mind that a number of important factors could cause

actual results to differ materially from the plans, objectives, expectations,

estimates and intentions expressed in such forward-looking statements, including

assumptions relating to general economic conditions in Norway and worldwide.

Numerous factors exist and may occur that could cause AKVA group's actual

operations, result or performance to differ from the forward-looking statements.

Any use of information contained in this notice is at your own individual risk.

AKVA group assumes no liability for any losses caused by relaying on the

information contained in this notice, including investment decision taken on the

basis of this notice.

This notice is not intended for, and must not be distributed to, individuals or

entities in jurisdictions where such distribution is unlawful.

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(1) Sources: Kontali, NASDAQ, Cardo Partners Analysis

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act