BioFish Holding AS

Share Issue/Capital Change • Oct 4, 2023

BIOFISH HOLDING AS: New share capital registered

BIOFISH HOLDING AS: New share capital registered

BIOFISH HOLDING AS: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

BIOFISH HOLDING AS: New share capital registered

Reference is made to the stock exchange notice from BioFish Holding AS ("BioFish" or the "Company") on 14 July 2023 regarding the first exercise period of the warrants issued in connection with the Company’s private placement and subsequent offering completed in Q1 2023 (the “Warrants”).

As set out in the abovementioned stock exchange notice, shareholders that have been allocated Warrants had the first opportunity to exercise the Warrants in a 30-day period expiring on 11 August 2023 (the "First Exercise Period").

The Company received subscriptions for 428,635 new shares by exercise of Warrants during the First Exercise Period (the “New Shares”).

The share capital increase pertaining to the issuance of the New Shares has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Following this, the Company's registered share capital is NOK 88,328,635 divided into 88,328,635 shares, each with a nominal value of NOK 1.

For additional information please contact:

Sondre Hagerup Johnsrud

CEO

Mob: +47 975 79 321

Torbjørn Gjelsvik

Chairperson

Tel: +47 901 26 225

Email: info@biofish.no

About BioFish Holding AS:

BioFish was established in 2016 and is a land-based producer of high quality smolt destined for salmon farms along the Norwegian coast. The company’s production takes place in its production facility in Ljones outside Bergen, using a Recirculating Aquaculture System (RAS) which recycles at least 99% of the water used.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).