Andfjord Salmon

Regulatory Filings • Jul 13, 2022

Andfjord Salmon, Skretting and Zooca® (Calanus® AS) team up for specially designed salmon feed

Andfjord Salmon, Skretting and Zooca® (Calanus® AS) team up for specially designed salmon feed

13.7.2022 08:00:00 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon, Skretting Norway and Sortland-based Zooca® (Calanus AS) have

signed a letter of intent that facilitates the provision of a specifically

designed salmon feed for Andfjord Salmon and a long-term cooperation to increase

the utilisation of the zooplankton Calanus finmarchicus (Calanus) in salmon

feed.

Andfjord Salmon is the first salmon farmer in the world that utilises a

commercially developed feed that contains Calanus.

"Our ambition is to develop the world's most fish friendly and sustainable

aquaculture facility of its kind. Having our own specially designed feed, with

unique ingredients from a local supplier, is another important building block

towards realising this ambition," says Martin Rasmussen, CEO of Andfjord Salmon,

who released the first smolt on Saturday 25 June.

"The fish has settled quickly and has already demonstrated a healthy appetite,

which continues to improve daily. Fish mortality rate is extremely low, so it

has been a promising start," adds Martin Rasmussen.

CALANUS® PLUS BY ANDFJORD SALMON

In February this year, Andfjord Salmon entered into a strategic feed supply

agreement with Skretting, which is the aquaculture business line of global

leader in animal nutrition and aquafeed, Nutreco.

Under this agreement, Skretting has developed a feed that is specifically

tailored to Andfjord Salmon's flow-through technology to ensure optimal water

quality, fish welfare and growth conditions in the land-based pool. This will

also ensure the production of a premium quality salmon.

The feed has been named "Calanus® Plus by Andfjord Salmon". It consists of feed

ingredients that have a proven track record from land-based salmon farming.

However, the feed composition is specifically tailored to Andfjord Salmon's

flow-through system and location at Andøya.

Calanus® Plus by Andfjord Salmon is the first salmon feed that utilises the

zooplankton Calanus finmarchicus as raw material ingredient. The feed also

contains algae oil as an alternative to marine fish oil.

"Calanus finmarchicus is nature's own 'starter' feed. It is a natural prey that

is biologically adapted to provide optimal nutrition for fish. Adding Zooca®

Hydrolysate made from Calanus finmarchicus to the feed will be very useful to

stimulate the fish's appetite in the transition to seawater. We look forward to

cooperating with Zooca® (Calanus AS) and Andfjord Salmon to realise the vast

untapped potential that Calanus finmarchicus represents," says Mads Martinsen,

Director of Product Development and Sustainability at Skretting.

LOCAL SUPPLIER

Supplying the Zooca® Hydrolysate to Skretting is Zooca® (Calanus AS), which

processes Calanus finmarchicus at its facility at Sortland in Vesterålen, close

to Andfjord Salmon's site at Kvalnes.

Zooca® (Calanus AS) has during the last 20 years researched, studied and

developed technology to sustainably harvest and process the tiny zooplankton

Calanus finmarchicus. An innovative, new marine resource that has shown numerous

health benefits for people and animals. Calanus finmarchicus is one of the most

numerous animal species on the planet, with an annual reproduction of

approximately 300 million tonnes, and it is Norway's largest harvestable and

renewable marine resource. Today the company only harvests approximately 0.0005

percent of the total volume annually.

"By sustainably harnessing high-performing, high-quality nutrients from Calanus

finmarchicus, there is a large potential to improve long-term human health and

ensure superior animal nutrition around the globe. We are delighted to secure

this commercial breakthrough within salmon feed together with Andfjord Salmon

and Skretting," says Hogne Abrahamsen, International Account Director at Zooca.

"By utilizing a locally harvested raw material, produced at a local production

plant, and using the entire animal, we can make our feed even more sustainable

and our salmon even more healthy. We look forward to using Calanus® Plus by

Andfjord Salmon at our Kvalnes site and to the long-term cooperation with

Skretting and Zooca," adds Martin Rasmussen.

CONTACTS

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

bjarne.martinsen@andfjord.no

* Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665, martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Kvalnes on the island of Andøya on the Arctic Archipelago of

Vesterålen, Norway, Andfjord Salmon has developed an innovative and sustainable

aquaculture concept for land-based farming of Atlantic salmon, based on a

flow-through technology solution. The company's ambition is to build the world's

most sustainable aquaculture facility of its kind.

Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF.

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