Andfjord Salmon

Andfjord Salmon AS - Issue of shares to primary insiders

12.10.2021 08:00:01 CEST | Andfjord Salmon | Mandatory notification of trade

primary insiders

Pursuant to the authorization granted by the annual general meeting on 6 May

2021, the board of directors of Andfjord Salmon AS (the "Company") has resolved

to issue 60 000 new shares in the Company as part of a board of directors

incentive program, of which 30 000 shares are issued to and subscribed by the

chair of the board Roger Brynjulf Mosand and 30 000 shares are issued to and

subscribed by board member Kim M. Strandenæs (through UFI Capital AS). The

subscription price per share is NOK 31.30. The shares will be subject to a

three-year lock-up.

Following registration of the share capital increase pertaining to the new

shares with the Norwegian Register of Business Enterprises, the Company's new

share capital will be NOK 35,934,400 divided into 35,934,400 shares, each with a

nominal value of NOK 1.

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, +4797508345,

ABOUT ANDFJORD SALMON

About Andfjord Salmon AS

Andfjord Salmon has developed an innovative and sustainable aquaculture concept

for shore-based farming of Atlantic salmon, based on a flow-through farming

concept. The company's ambition is to build the world's most sustainable

aquaculture facility of its kind. The facility is escape-proof, lice-free and

its highly filtered effluent avoids polluting marine life.

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

Vesterålen, Norway, the company's first facility is currently under

construction. The company holds a license to produce 12 600 tonnes (HOG) for

land-based farming of Atlantic salmon and has secured rights to land for a

planned expansion of an additional 77,400 tonnes (HOG) production capacity.

Further expansion is subject to the zoning of the land and granting of licenses.

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

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