Andfjord Salmon

Share Issue/Capital Change • Mar 11, 2021

Andfjord Salmon: Issue of shares to employees including primary insiders

Andfjord Salmon: Issue of shares to employees including primary insiders

11.3.2021 19:00:00 CET | Andfjord Salmon | Mandatory notification of trade

primary insiders

11 March 2021: In connection with an offer to the Company's employees, the board

of directors of Andfjord Salmon AS (the "Company") has resolved to issue 82,500

new shares in the Company. The subscription price per share is NOK 37.00. The

shares will be subject to a three year lock-up and certain other restrictions.

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 35,873,500 divided on 35,873,500 shares, each with

nominal value NOK 1.

Of the shares, Bjarne Martinsen (CFO) has subscribed for, and will hold, 40,000

shares and Helge Krøgenes (CCO) has subscribed for 20,063 shares and will hold 1

408 479 shares.

Contact

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

bjarne.martinsen@andfjord.no

DISCLAIMER

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,

bjarne.martinsen@andfjord.no

ABOUT ANDFJORD SALMON

About Andfjord Salmon AS

Andfjord Salmon has developed an innovative and sustainable aquaculture concept

for shore-based farming of Atlantic salmon. 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.

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

The information in this announcement is subject to disclosure requirements under

the EU Market Abuse Regulation and Euronext Growth listing rules. The

information was submitted for publication by the contact person set out above.