AKVA Group - Share Issue/Capital Change 2021

AKVA group ASA: New share capital registered

Reference is made to AKVA group ASA's ("AKVA" or the "Company") previous stock

exchange announcements regarding the investment by Israel Corp. in the Company,

comprising of a private placement of approx. NOK 321.7 million in new shares

(the "Private Placement") and of approx. NOK 315.2 million in purchases of

existing shares.

The share capital increase related to the Private Placement has been registered

with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Following such registration, the new share capital of the Company is NOK

36,667,733 divided into 36,667,733 shares, each with a par value of NOK 1.

Dated: 23 October 2021

AKVA group ASA

Web: www.akvagroup.com (http://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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