Arctic Fish Holding - Earnings Release 2021

Arctic Fish Holding ASA (AFISH): Q4-21 Trading update

Harvested volumes for the fourth quarter of 2021 was, 2.9 thousand tonnes gutted weight.

This brings the total harvested volume for the full year up to 11.5 thousand tonnes gutted weight.

The full Q4 2021 report will be released on 23 February 2022 at 06:30 CET.

For further information, please contact:

CFO Neil Shiran Thorisson, +354 8315300

Arctic Fish in brief

Arctic Fish (AFISH) has 23 100 tonnes of Maximum Allowed Biomass licenses (MAB)

to farm salmon and trout. The licenses are in the Westfjords of Iceland. Out of

the total license volume, 5 300 tonnes are for trout, that are not currently

being utilized and will be converted to salmon licenses in the ongoing application

process. Arctic Fish is one of the leading salmon farmers in Iceland and has an

attractive and sustainable setup of the licenses with active licenses in 3

fjords and applications being finalized in 2 additional fjords that can bring

the total volume up to 31 900 tonnes in the coming years. The company owns a

state-of-the-art RAS hatching and smolt production that is the foundation of the

operations. Further investments are being made in smolt production and

harvesting that will contribute to the future growth of the company.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act

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