Grieg Seafood - Earnings Release 2021

Grieg Seafood ASA: Q4 2021 trading update

Grieg Seafoods total harvest volume for the fourth quarter 2021 was

approximately 23 700 tonnes GWT, with a total volume of 75 600 tonnes GWT for

the year 2021. This excludes volumes from the Shetland operation which was sold

on 15 December 2021.

Harvest volume (tonnes GWT) by region for Q4 2021:

Rogaland: 7 300

Finnmark: 12 400

British Columbia: 4 000

Average regional farming costs per kg for Q4 2021 were approximately:

Rogaland: NOK 43.6

Finnmark: NOK 38.1

British Columbia: CAD 9.4

The complete Q4 2021 report will be released Tuesday 15 February 2022 at 06:00

CET.

For enquiries, please contact:

Andreas Kvame, CEO

Cell phone: +47 907 71 441

Atle Harald Sandtorv, CFO

Cell phone +47 908 45 252

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. 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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