Grieg Seafood - Capital/Financing Update 2022

Grieg Seafood ASA: Signed NOK 3.2 billion senior secured sustainability-linked facilities agreement

(Bergen, Norway, 9 February 2022). Grieg Seafood is pleased to announce that it

has today signed a NOK 3.2 billion five-year senior secured sustainability-

linked facilities agreement with DNB Bank ASA and Nordea Bank to refinance its

existing bank facilities.

The agreement provides for a NOK 750 million term loan, an EUR 75 million term

loan, a NOK 1,500 million revolving credit facility. In addition, Grieg Seafood

has access to a NOK 200 million overdraft facility.

The sole financial covenant governing the facilities is a minimum equity ratio

of 31%, excluding IFRS 16 effects.

Grieg Seafood CEO Andreas Kvame comments:

"The new debt structure will secure the long-term financing of our ongoing

operations and at the same time reduce the company's financial costs. The new

facilities will provide the flexibility for us to execute our strategic

priorities and to deliver on our long-term ambition of sustainable and

profitable growth, while maintaining a robust capital structure in line with our

communicated targets".

Further information regarding the refinancing will be made available in

connection with the company's Q4 2021 report released on Tuesday, February

15, 2022.

For further enquiries, please contact:

Atle Harald Sandtorv, CFO

Cell phone: +47 908 45 252

About Grieg Seafood ASA

Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are in

Finnmark and Rogaland in Norway, and British Columbia as well as Newfoundland in

Canada. Our headquarter is located in Bergen, Norway. Grieg Seafood ASA was

listed at the Oslo Stock Exchange in June 2007. More than 750 people work in the

company throughout our regions.

Sustainable farming practices are the foundation of Grieg Seafood's operations.

The lowest possible environmental impact and the best possible fish welfare is

both an ethical responsibility and drive economic profitability. Towards 2025,

we aim for global growth, cost improvements and to evolve from a pure salmon

supplier to an innovation partner for selected customers.

To learn more, please visit www.griegseafood.com.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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