BioFish Holding AS

Share Issue/Capital Change • Feb 28, 2023

BIOFISH HOLDING AS: Last day of the subscription period in the subsequent offering

BIOFISH HOLDING AS: Last day of the subscription period in the subsequent offering

BIOFISH HOLDING AS: Last day of the subscription period in the subsequent offering

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: Last day of the subscription period in the subsequent offering

Reference is made to the stock exchange notice from BioFish Holding AS ("BioFish" or the "Company") on 15 February 2023 regarding the launch of a subsequent offering of up to 15,000,000 new shares (the in the Company at a subscription price of NOK 1 per share (the "Subsequent Offering").

The subscription period for the Subsequent Offering (the "Subscription Period") will expire today, 28 February 2023 at 16:30 hours (CET).

Correctly completed subscription forms must be received by the manager of the Subsequent Offering, Fearnley Securities AS (the "Manager") before the end of the subscription period. Subscription Rights that are not used to subscribe for offer shares in the Subsequent Offering before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.

Please see the national prospectus for more information about the Subsequent Offering and the subscription procedures, which is made electronically available at www.fearnleysecurities.no.

Fearnley Securities AS is acting as manager for the Subsequent Offering. Advokatfirmaet Haavind AS is acting as legal counsel to BioFish.

For further information, please contact:

Torbjørn Skulstad, CEO

+47 483 81 546

About Biofish:

Biofish is a land-based producer of smolt – juvenile fish destined for aquaculture facilities. The company’s production takes place in its production facilitiy in Kvam on the Norwegian west coast, using a Recirulating Aquaculture System (RAS), which recycles at least 99% of the water used. Biofish deliver smolt to salmon farms along the Norwegian coast.