Andfjord Salmon

Share Issue/Capital Change • Dec 29, 2025

Andfjord Salmon - New share capital registered

Andfjord Salmon - New share capital registered

29.12.2025 21:49:12 CET | Andfjord Salmon | Total number of voting rights and

capital

Reference is made to the stock exchange announcement by Andfjord Salmon Group AS

("Andfjord Salmon" or the "Company") on 15 December 2025, regarding the

conclusion of a private placement of new shares in the Company (the "Private

Placement").

The Private Placement is divided into two tranches, with one tranche consisting

of 6,085,000 Offer Shares ("Tranche 1") and a second tranche consisting of

5,463,126 Offer Shares ("Tranche 2"). The share capital increase related to

issuance of Offer Shares in Tranche 1 of the Private Placement has today been

registered with the Norwegian Register of Business Enterprises. The Offer Shares

in Tranche 2 have been conditionally allocated by the Board and completion of

Tranche 2 and delivery of the Offer Shares thereunder remains subject to an

extraordinary general meeting of the Company scheduled to be held on 30 December

2025 authorizing the share capital increase pertaining thereto.

The new share capital of the Company is NOK 101,728,028 divided into 101,728,028

shares, each with a nominal value of NOK 1.00.

DISCLOSURE REGULATION

This information is published in accordance with the disclosure requirements of

Euronext Growth Oslo Rule Book Part II and Section 5-12 of the Norwegian

Securities Trading Act.

CONTACTS

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

bjarne.martinsen@andfjord.no

* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,

martin@andfjord.no

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