Arctic Fish Holding

Environmental & Social Information • Mar 21, 2022

New license in Arnarfjordur issued

New license in Arnarfjordur issued

Reference is made to the applications of salmon licenses for up to 4,000 tonnes

maximum allowed biomass (MAB) in Arnarfjordur in the Westfjords of Iceland, as

disclosed in the Company's information document from 19th of February 2020 and in an update to the license application that was published to the market on the 11th of October 2021 (https://live.euronext.com/en/listview/company-press-release/253403#CompanyPressRelease-6965625).

Today, Arctic Sea Farm a 100% owned subsidiary of Arctic Fish Holding AS,

received salmon licenses for 4,000 tonnes (MAB) in Arnarfjordur. This is a new license for Arctic Fish and will be a new site in a new fjord.

The total licenses the company currently holds, amount then to 27,100 tonnes

(MAB). The total volume of licenses is as follows; salmon licenses for 21,800

tonnes (MAB); and trout licenses for 5,300 tonnes (MAB) that are in the process

of being converted to salmon.

For further information: Neil Shiran Thorisson, CFO, nst@afish.is, +354 8315300