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Andfjord Salmon

Regulatory News Service Oct 1, 2025

3534_rns_2025-10-01_db9c41a2-7b01-44d1-b416-c9605246bfff.html

Regulatory News Service

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Andfjord Salmon: Successful smolt release

Andfjord Salmon: Successful smolt release

1.10.2025 07:00:01 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon is pleased to announce the completion of a successful smolt

release at its land-based aquaculture facility at Kvalnes, Andøy, Norway. The

smolt release, 30. September 2025, initiates a significant scale-up of fish

farming operations at Kvalnes.

Approximately 350,000 smolt, at an average weight of around 180 grams, were

released into pool K0 at Kvalnes. The smolt release went as planned and the fish

have quickly adapted to their new surroundings.

The biological conditions in the pool are good, as anticipated. Stable pool

conditions support the smolt in settling.

"We have been looking forward to this day for quite some time. Our team of fish

farming experts is excited about starting a new period of fish farming

operations and eager to once again demonstrate the biological benefits of our

proprietary flow-through system. I am proud of how meticulously they have

planned and safely executed this smolt release," says Martin Rasmussen, CEO of

Andfjord Salmon.

Further, Andfjord Salmon plans to release approximately 750,000 smolt in pool K1

late October this year.

"Today marks the beginning of a new chapter for Andfjord Salmon, with fish

farming operations once again taking centre stage. The current and upcoming

smolt releases represent the launch of a significant scale-up of salmon farming

activities at Kvalnes", adds Martin Rasmussen.

Since its previous production cycle that ended in June 2023, Andfjord Salmon has

been working on developing new pools, a harbour area, and waterways that can

handle large-scale production at Kvalnes. The site infrastructure is designed to

support future production of approximately 48,100 tonnes (HOG + post-smolt) at

Kvalnes.

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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