Norcod — Share Issue/Capital Change 2023

Apr 14, 2023

Key information relating to a potential Subsequent Offering to be carried out by Norcod AS

Key information relating to a potential Subsequent Offering to be carried out by Norcod AS

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.

Key information relating to a potential Subsequent Offering to be carried out by Norcod AS

Trondheim, 14 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 NOK 190,488,360 million (the “Private Placement”) and a potential subsequent offering of new shares at a price equal to the Offer Price (the “Subsequent Offering”).

In accordance with the continuing obligations of companies listed on Euronext Growth Oslo, the following key information is given with respect to the Subsequent Offering:

Date of announcement of the potential Subsequent Offering 13 April 2023

Last day of trading including right to participate in Subsequent Offering 13 April 2023

First Date of trading excluding right to participate in Subsequent Offering 14 April 2023

Record Date 17 April 2023

Date of approval On or about 24 April 2023

Maximum number of new shares 1,333,333

Subscription price NOK 30

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 14 April 2023 at 18:05 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.