Andfjord Salmon

Andfjord Salmon: Extraordinary general meeting held

13.3.2025 11:32:10 CET | Andfjord Salmon | Additional regulated information

required to be disclosed under the laws of a member state

An extraordinary general meeting of Andfjord Salmon Group AS (the "Company") was

held today, 13 March 2025 at 09:00 hours (CET). In accordance with the proposals

from the board, the extraordinary general meeting resolved to (i) authorize the

issuance of the new shares in the private placement announced by the Company on

26 and 27 February 2025 (the "Private Placement") (the "Authorization"); and

(ii) authorize the issuance of new shares in a potential subsequent repair

offering. No other items were on the agenda for the extraordinary general

meeting. Please find attached the minutes from the meeting.

The new shares allocated in the Private Placement (the "New Shares") will be

settled on a delivery versus payment basis by delivery of existing and

unencumbered shares in the Company that are already listed on Euronext Growth

Oslo pursuant to a share lending agreement between the Company, Jerónimo Martins

Agro-Alimentar S.A. and the managers for the Private Placement. Settlement is

currently expected to occur on or about 18 March 2025 with the New Shares

allocated being tradeable from on or about 17 March 2025, depending on timing

for registration of the Authorization with the Norwegian Register of Business

Enterprises and the subsequent resolution by the board to issue the New Shares.

The final date for settlement will be confirmed in a separate stock exchange

announcement once the aforementioned board resolution has been made.

CONTACTS

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

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 -

http://www.andfjordsalmon.com.

ATTACHMENTS

Andfjord Salmon - EGM minutes - 130325 - signed.pdf -

https://kommunikasjon.ntb.no/ir-files/17847566/18454967/5775/Andfjord%20Salmon%2

0-%20EGM%20minutes%20-%20130325%20-%20signed.pdf

Represented at EGM 250313 - signed.pdf -

https://kommunikasjon.ntb.no/ir-files/17847566/18454967/5776/Represented%20at%20

EGM%20250313%20-%20signed.pdf

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