Masoval AS — Share Issue/Capital Change 2021

Dec 20, 2021

MÅSØVAL AS: ANNOUNCEMENT

MÅSØVAL AS: ANNOUNCEMENT

20.12.2021 16:01:14 CET | Måsøval AS | Additional regulated information required

to be disclosed under the laws of a member state

Reference is made to the announcement made on 17 November 2021 07:37:45 CEST

regarding the share purchase agreement between Måsøval AS (the "Company") and

Vartdal Invest AS (the "Seller") regarding the Company's purchase of 100% of the

shares of the following companies (the "Acquisition"); ? Aqua Farms Vartdal AS ?

Vartdal Fiskeoppdrett AS ? Urke Fiskeoppdrett AS ? Vartdal Fryseri AS ? Western

Seaproducts AS (together referred to as the "Vartdal Group")

The completion of the Acquisition took place today. Accordingly, the Company's

general meeting has completed the share capital increases as announced 10

December 2021 11:00:01 CEST (the "Private Placement"), meaning that;

* the Seller has subscribed for 4,761,904 new shares at an agreed subscription

price of NOK 42 per new share, for a total subscription amount of NOK

199,999,968, which has been settled in full by sett-off against the

receivable of NOK 199,999,968 as a part of the Acquisition; and

* DNB Markets (as a part of DNB Bank ASA) has pursuant to the Private Placement

subscribed for 9,828,010 new shares at a subscription price of NOK 40.7 per

new share, to the total amount of NOK 400,000,007 settled by way of cash

payment, for delivery to Måsøval Eiendom AS in accordance with the share

lending agreement (announced 25 November 2021 11:56:56 CEST).

The Company will publish a new announcement immediately after the share capital

increase has been registered in the Norwegian Register of Business Enterprises.

The Company's new share capital is NOK 30,627,111.75, comprising in total

122,508,455 shares, each with a nominal value of NOK 0.25.

The new shares will be listed on the Euronext Growth Oslo from issuance in the

Central Securities Depository (VPS) and will be tradeable on or about 21

December 2021.

The consideration shares subscribed by the Seller (4,761,904 shares) are subject

to a 6-month lock up effective from today. In addition, the Company, Måsøval

Eiendom AS, the two minority owners of Pure Norwegian Seafood AS, the previous

owner of Stokkøy Skjell AS and the minority owner of Gunnar Espnes Fiskeoppdrett

AS, and members of the management and board are subject to a lock-up until 17

June 2022 (undertaken in connection with the IPO).

Advokatfirmaet Thommessen AS is acting as legal advisor to the Company.

Disclosure regulation:

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

For queries, please contact:

* Asle Rønning, CEO, 918 09 043, asle@masoval.no

* Gunnar Aftret, CFO, 91377389, gunnar@masoval.no

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Gunnar Aftret, CFO, 91377389, gunnar@masoval.no

ABOUT MÅSØVAL AS

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of

operational experience. Located in Central Norway in the region west of

Trondheim, Måsøval has both significant farming operations at sea and inhouse

smolt production. Through its majority ownership in the processing and

distribution company Pure Norwegian Seafood AS, Måsøval is processing and

exporting high quality Atlantic salmon to a global marketplace.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847731/1084/1455/Download%20announcement

%20as%20PDF.pdf