AKVA Group - Regulatory Filings 2021

AKVA group ASA: Update cyber-attack

As communicated January 10, AKVA group ("AKVA" or "the company"), has been

subject to a severe cyber-attack where several key systems were shut down.

AKVA's technical team, with support from external expertise, has detected the

root cause of the system shut-down and will gradually restore the IT systems.

Further information about the incident and the remedies deployed will not be

made available as the police is still investigating the incident.

AKVA has in a short time made significant efforts to review IT security and

ensure a secure operating environment for the group's IT systems.

The company and its subsidiaries will be operative while restarting the IT

systems, but manual operations will still be required for a period.

It is too early to assess the financial impact of the cyber-attack, but the

company will incur significant non-recurring costs during Q1 2021 related to the

cyber-attack and mitigating measures. Further details will be reported in

connection with the presentation of the Q4 results on February 19, 2021.

Dated: 18 January 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

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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