Andfjord Salmon

Remuneration Information • Jul 22, 2022

Andfjord Salmon AS - grant of employee options

Andfjord Salmon AS - grant of employee options

22.7.2022 22:39:31 CEST | Andfjord Salmon | Mandatory notification of trade

primary insiders

Pursuant to authorisation resolved by the annual general meeting on 28 April

2022, Andfjord Salmon AS (the "Company" or "Andfjord Salmon") has today approved

grant of a total of 503,520 options, each giving right to subscribe for one new

share in the Company. The options have been awarded to employees of the Company,

on terms in line with previous descriptions, including a vesting period of three

years, with annual vesting of 1/3 each year, and with an exercise period

starting on 1 January 2027 and which expires nine years after the initial grant.

The subscription/exercise price of the options has been set to NOK 41.945 per

share, equal to the price in the Company's latest share issue.

The employees that have been granted options under this award include the

following primary insiders of Andfjord Salmon: Martin Rasmussen (CEO) 250,000

options, Bjarne Martinsen (CFO) 45,000 options and Jostein Nilssen (Project

Director) 45,000 options.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements set out in section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

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

bjarne.martinsen@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/