AKVA Group - Regulatory Filings 2021

AKVA group ASA: New land based contract signed

With reference to the stock notice of 12 June 2020 AKVA group ASA ("AKVA")

hereby announce that the company has been awarded the contract for the full

grow-out RAS project from the Norwegian company AquaCon AS.

AquaCon AS is planning to build a new land based grow-out facility on Eastern

Shore, Maryland, USA. The value of AKVA's delivery is estimated to be USD 150

million for the first phase (16,000 tonnes).

AKVA and Israel Corp. will jointly participate in a USD 5 million convertible

loan, and have the option to invest additional USD 15 million, both under

certain conditions.

Dated: 29 September 2021

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 considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements according

to section 5-12 of the Norwegian Securities Trading Act. The information was

submitted for publication by Ronny Meinkohn (CFO) (contact details as set out

above) on 29 September 2021 at 07:30 CET.

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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