Norcod — AGM Information 2023

Apr 17, 2023

Norcod AS: Notice of Extraordinary General Meeting

Norcod AS: Notice of Extraordinary General Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Trondheim, 17 April 2023 – Reference is made to the stock exchange notice from Norcod AS (the “Company”) on 14 April 2023 regarding the successful completion of a private placement of 6,349,612 new shares in the Company at a subscription price of NOK 30 per share (the “Offer Price”) raising gross proceeds of approximately NOK 190.5 million (the “Private Placement”).

The Private Placement is settled with borrowed shares for which redelivery is subject to approval by the general meeting. Further, the Board of Directors is proposing an authorization by the general meeting to implement a subsequent repair offering of new shares at a price equal to the Offer Price.

The Board of Directors of the Company hereby calls for an extraordinary general meeting to be held on 24 April 2023 at 10.00 CET, at the Company's offices at Thomas Angells gate 22, 7011 Trondheim, Norway.

The notice with the Board’s proposal for resolutions are attached hereto. Relevant documents referred to in the notice are also made available on www.norcod.com.

For further information, please contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail: cr@norcod.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

This stock exchange announcement was published by Arne Kristian Hoset (CFO), on 17 April 2023 at 15:40 CET.

About Norcod:

Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.