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AKVA Group M&A Activity 2020

Feb 21, 2020

3532_iss_2020-02-21_6508976a-a1d7-493e-a5d6-3489c4c7d463.html

M&A Activity

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AKVA group ASA: Completion of the acquisition of Newfoundland Aqua Service Ltd.

AKVA group ASA: Completion of the acquisition of Newfoundland Aqua Service Ltd.

Reference is made to the stock exchange notice published by AKVA group ASA

("AKVA") on 30 January 2020 regarding the agreement entered into by AKVA and the

majority shareholders of Newfoundland Aqua Service Ltd. ("NAS") for the

acquisition by AKVA of approximately 70 % of the common shares in NAS (the

"Transaction").

AKVA is pleased to announce that the Transaction has successfully been

completed.

Dated: 21 February 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: [email protected]

Andreas Pierre Hatjoullis Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 92 69 99 33

E-mail: [email protected]

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act