AKVA Group - M&A Activity 2022 | FinancialReports.eu

AKVA group ASA: Sale of shares in Atlantis Subsea Farming AS

AKVA group ASA ("AKVA") hereby announce that an agreement has been made with

SinkabergHansen AS regarding the sale of the shares in Atlantis Subsea Farming

AS ("ASF").

In 2018 ASF was assigned a development license from the Directorate of

Fisheries. The Directorate of Fisheries has now decided that the development

license can be converted to an ordinary operating licence.

AKVA owns 33,33% of the shares in ASF and the estimated profit will be NOK 35

million from the sale of the shares. As a part of the transaction AKVA will

become the owner of the technology that has been developed in ASF.

Dated: 18 March 2022

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

Ronny Meinkøhn - Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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About AKVA group ASA

AKVA group ASA is a global technology and service partner that deliver

technology and services that helps solve biological challenges within the

aquaculture industry. Good operational performance and fish welfare ensures

sustainability and profitability for the customer. This is the premise for

everything we deliver, from single components to services and complete

installations. In-depth aquaculture knowledge, extensive experience and a high

capacity for innovation characterizes and enables us to deliver the best

solutions for both land-based and sea based fish farming.

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