Andfjord Salmon

Regulatory Filings • Jun 25, 2022

Andfjord Salmon AS: Successful smolt release

Andfjord Salmon AS: Successful smolt release

25.6.2022 13:27:37 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon has today successfully released smolt in the company's first

land-based pool at Kvalnes, Andøya.

"Release of first smolt is obviously an important and enjoyable milestone for

Andfjord Salmon. The operation was well prepared and was executed in a safe and

predictable manner." says Martin Rasmussen, CEO of Andfjord Salmon.

Approximately 200,000 smolt at an average weight of 120 grams were released into

the pool. The smolt was supplied by Nordland Akva AS.

"Our concept is centered around recreating the salmon's natural habitat on land,

as far as it is practically possible to do so. We are now entering a period with

increasing amount of natural light and rising temperatures. This is good for

fish health and development?," adds Martin Rasmussen.

Andfjord Salmon has set an ambition to develop the world's most fish friendly

and sustainable fish farming facility of its kind. The company's flow-through

system is key to recreate the salmon's natural habitat on land and thereby

produce salmon with very low energy consumption and smallest possible

environmental footprint.

The smolt has quickly adapted to its new surroundings after being released into

the pool earlier today. The biological conditions in the pool are exactly as

planned.

"This has been a great start, but the hard work starts now. We look forward to

proving the many excellent benefits of our land-based fish farming facility in

the coming months and years," concludes Martin Rasmussen.

Andfjord Salmon holds a license to produce 10,000 tonnes MAB salmon at Kvalnes,

equivalent to a target production volume of 19,000 tonnes HOG.

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

About Andfjord Salmon AS

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/