Grieg Seafood - Share Issue/Capital Change 2020

Grieg Seafood ASA: Status Directed Private Placement

Reference is made to the stock exchange announcement from Grieg Seafood ASA (the

"Company") released on 7 February 2020 regarding the acquisition of Grieg

Newfoundland AS (the "Transaction") as well as to the stock exchange

announcement from the Company released on 27 March 2020 regarding a direct

private placement in connection with the Transaction. Due to the delay of

certain confirmations, the parties have agreed to prolong the long stop date for

the Transaction by 14 calendar days

For more information, contact:

Andreas Kvame, CEO, Grieg Seafood ASA

+47 90 77 14 41

Atle Harald Sandtorv, CFO, Grieg Seafood ASA

+47 90 84 52 52

About Grieg Seafood

Grieg Seafood ASA is one of the world's leading salmon farmers, specializing in

Atlantic salmon. The Group has a production target of 100 000 tonnes gutted

weight in 2020. Our farming facilities are in Finnmark and Rogaland in Norway,

British Columbia in Canada and Shetland in the UK. Approximately 818 people are

employed by the Group. Grieg Seafood ASA was listed at the Oslo Stock Exchange

in June 2007. Our headquarters are situated in Bergen, Norway. The business

development of Grieg Seafood ASA focuses on profitable growth, sustainable use

of the ocean and being the preferred supplier to selected customers. To learn

more, please visit www.griegseafood.com.

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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