Grieg Seafood - Capital/Financing Update 2025

Grieg Seafood ASA: Contemplating perpetual green hybrid bond issue

(Bergen, 20 February 2025) Grieg Seafood ASA (the "Company") has mandated

Arctic Securities, DNB Markets and Nordea as joint bookrunners, and DNB and

Nordea as green bond advisors, to arrange a series of fixed income meetings

commencing Friday, 21 February 2025. The Company is contemplating the issuance

of a new perpetual green hybrid bond of NOK 1,500 - 2,000 million, subject to

inter alia market conditions.

Net proceeds from the bond issue will be used for green projects as further

defined by the Green Bond Framework, including by way of refinancing existing

debt originally incurred to finance such green projects.

In conjunction with the contemplated new bond issue, the company will offer a

conditional buyback of its outstanding bond with ticker GSF01 ESG (ISIN:

NO0010885007).

For further enquiries, please contact:

Magnus Johannesen, CFO

Cell phone +47 959 13 243

About Grieg Seafood

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.

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.

To learn more, please visit www.griegseafood.com

The information included in this announcement is publicly disclosed in

accordance with section 5-12 of the Norwegian Securities Trading Act.

AI assistant