Mowi ASA — Capital/Financing Update 2021

Jun 30, 2021

Mowi ASA (OSE: MOWI): Enters into Term Sheet to refinance existing bank facility with a new EUR 1,800 million sustainability-linked facility

Mowi ASA (OSE: MOWI): Enters into Term Sheet to refinance existing bank facility with a new EUR 1,800 million sustainability-linked facility

Mowi ASA has today entered into a Term Sheet to refinance its existing bank

facility with a EUR 1,800 million five-year senior secured sustainability-linked

multicurrency revolving credit facility with DNB Bank ASA, Nordea Bank Abp,

filial i Norge, Coöperatieve Rabobank U.A., ABN AMRO Bank N.V., Danske Bank A/S,

Skandinaviska Enskilda Banken AB (publ) and Crédit Agricole Corporate &

Investment Bank.

Interest on the facility is linked to Mowi's performance against sustainability

KPIs which are consistent with Mowi's overall ESG strategy, and the

sustainability-linked facility is a significant step towards Mowi's goal of

100% green or sustainable financing. The principal financial covenant of the

facility is a minimum equity ratio of 35%, and the facility includes an

accordion increase option which provides flexibility for the parties to agree to

increase the size of the facility by an additional EUR 300 million during the

term of the facility.

The refinancing is subject to final documentation.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.