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Andfjord Salmon

Board/Management Information Oct 10, 2025

3534_rns_2025-10-10_1f105c79-3c05-4d11-9840-6db1c6eddbe2.html

Board/Management Information

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Andfjord Salmon: Board Member Transitions to Key Operational Role in Construction

Andfjord Salmon: Board Member Transitions to Key Operational Role in Construction

10.10.2025 08:30:01 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon (OSE: ANDF) today announced that Gro Skaar Knutsen is stepping

down from the company's board of directors to assume an operational role within

its large-scale construction activities at Kvalnes, Andøya. Her deep industry

expertise and leadership experience will be instrumental in driving the

company's ambitious development plans forward.

Following her resignation as CEO of Peab Bjørn Bygg in 2024, Gro Skaar Knutsen

has steadily increased her involvement with Andfjord Salmon through her work as

an external consultant. In her new role, she will lead initiatives aimed at

identifying and implementing efficiency measures, while creating synergies

across the construction process. A key focus will be securing repeatability

effects in the production of pools, ensuring continuity, cost optimization, and

continuous improvement in future expansion phases.

Gro Skaar Knutsen brings extensive leadership and technical expertise to

Andfjord Salmon. She previously served as CEO of Peab Bjørn Bygg, one of

Northern Norway's largest construction companies, and has held senior project

consultant and engineering roles at Sweco. She also has more than a decade of

experience as a trusted advisor to construction companies across Norway.

"We are delighted that Gro has chosen to take on a more hands-on role in our

operations. Her proven track record in large-scale construction projects and

strong leadership skills will significantly strengthen our ability to execute on

our growth strategy at Kvalnes," said Martin Rasmussen, CEO of Andfjord Salmon.

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,

[email protected]

* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,

[email protected]

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord

Salmon is developing the world's most sustainable and fish-friendly aquaculture

facility of its kind. Through a proprietary flow-through system, Andfjord Salmon

combines the best from ocean and land-based salmon farming. In its first

production cycle, the company achieved an industry-leading survival rate of 97.5

percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and

required 1 kWh to produce one kilo of salmon. For more information, see

www.andfjordsalmon.com - http://www.andfjordsalmon.com/.

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