Grieg Seafood — Earnings Release 2023

Jan 16, 2024

Grieg Seafood ASA: Q4 2023 trading update

Grieg Seafood ASA: Q4 2023 trading update

Grieg Seafoods harvest volume for the fourth quarter of 2023 was approximately

21 800 tonnes GWT.

Harvest volume (tonnes GWT) by region for the quarter:

Rogaland: 2 200

Finnmark: 10 400

British Columbia: 6 000

Newfoundland: 3 200

Average regional farming costs per kg for the quarter were approximately:

Rogaland: NOK 67.2

Finnmark: NOK 64.7

British Columbia: CAD 11.0

Newfoundland: CAD 12.2

The harvested volume and farming cost in Finnmark were impacted by Spironucleus

Salmonicida, winter ulcers, and string jellyfish. In Rogaland, low harvest

volume influenced farming cost. In Newfoundland, parts of the 2023 planned

harvest volume have been deferred to 2024 due to challenging weather conditions

and market expectations. As Newfoundland is still in a development phase, the

region has, in addition to the farming cost, cost allocated directly to the

income statement at the same level as last quarter.

The complete Q4 2023 report will be released on Thursday 22 February 2024 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

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

in Canada. Our headquarter is 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 may be defined as inside

information pursuant to article 7 of the Market Abuse Regulation and is publicly

disclosed in accordance with article 17 of the Market Abuse Regulation and

section 5-12 of the Norwegian Securities Trading Act.