Masoval AS — M&A Activity 2026

Mar 25, 2026

Måsøval AS Major shareholder initiates strategic review of ownership

Måsøval AS Major shareholder initiates strategic review of ownership

It is hereby announced that Heimstø AS, which controls approximately 70% of

the shares in Måsøval AS (the "Company" or "Måsøval"), is reviewing its

investment portfolio and in connection therewith has decided to initiate a

strategic review of its ownership in the Company. The strategic review does

not entail a decision to carry out a transaction, but rather that a process

has been initiated to explore various alternatives related to the ownership.

Heimstø AS has engaged DNB Carnegie, part of DNB Bank ASA, as financial

adviser to assist in the strategic review.

Should the strategic review lead to a transaction, Heimstø AS intends to

facilitate for the remaining shareholders in the Company to also be given the

opportunity to sell their shares on equal terms.

Heimstø AS will, regardless of the outcome of its strategic review regarding

the ownership of the Company, update the market with further information.

Contacts

Helge Kvalvik, CEO, Måsøval AS, +47 97 97 97 72, helge.kvalvik@masoval.no

About Måsøval

Måsøval is a fully integrated producer of Atlantic salmon with more than 50

years of operational experience. Based on the island of Frøya in Central

Norway, the company controls the entire value chain -from smolt production to

sea-based farming, harvesting, processing, and global sales.

This integrated model ensures full control, operational efficiency, and

consistent delivery of premium Atlantic salmon to the global market. Måsøval

is committed to sustainable growth, fish welfare, and long-term value

creation.