AKVA Group — M&A Activity 2019

Jan 14, 2019

AKVA group ASA: Update on divestment of Wise lausnir ehf

AKVA group ASA: Update on divestment of Wise lausnir ehf

AKVA group ASA ("AKVA" or the "Company") refers to its announcement on 6

September 2018 regarding the divestment of AKVA's wholly-owned subsidiary Wise

lausnir ehf ("Wise") to Advania Holding hf. ("Advania") (the "Transaction").

The estimated final deadline for the Icelandic Competition Authority to clear

the Transaction has now been updated to on or about 24 June 2019. AKVA and

Advania are still working with a goal to obtain clearance during the first

quarter of 2019 as previously announced.

Dated: 14 January 2019

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Hallvard Muri   Chief Executive Officer

Phone:          +47 51 77 85 00

Mobile:         +47 91 58 07 50

E-mail:         hmuri@akvagroup.com

Simon Nyquist Martinsen   Chief Financial Officer

Phone:                    +47 51 77 85 00

Mobile:                   +47 91 63 00 42

E-mail:                   snmartinsen@akvagroup.com

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act