Norcod

Share Issue/Capital Change • Apr 4, 2025

NORCOD AS: Last day of subscription period in Subsequent Offering

NORCOD AS: Last day of subscription period in Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO 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.

Reference is made to the stock exchange notice from Norcod AS ("Norcod" or the "Company") on 21 March 2025 regarding the start of the subscription period in the subsequent offering (the "Subsequent Offering") of up to 1,666,666 new shares (the “Offer Shares”) at a subscription price of NOK 12 per Offer Share (the "Offer Price").

The subscription period for the Subsequent Offering will expire today at 16:30 CEST.

Correctly completed subscription forms must be received by the manager of the Subsequent Offering, DNB Markets, a part of DNB Bank ASA, or in the case of online subscriptions, be registered by the end of the subscription period.

Subscription rights that are not used to subscribe for Offer Shares by the end of the subscription period will have no value and will lapse without compensation to the holder.

For more information about the Subsequent Offering and the subscription procedures, please refer to the prospectus dated 20 March 2025 (the “Prospectus”), prepared by the Company in connection with the Subsequent Offering, which is available at www.dnb.no/emisjoner. Subscriptions may only be made on the basis of the Prospectus.

Advisors:

DNB Markets, a part of DNB Bank ASA, is acting as bookrunner for the Subsequent Offering (the "Manager").

Advokatfirmaet Haavind AS is acting as legal counsel to Norcod.

For more information, please contact:

Christian Riber, CEO

Tel: +47 905 37 990, E-mail: cr@norcod.no

Stian Vollan-Hansen, CFO

Tel: +47 481 78 846 , E-mail: svh@norcod.no

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.

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).