Norcod — Share Issue/Capital Change 2026

May 13, 2026

Correction: KEY INFORMATION RELATING TO A POTENTIAL SUBSEQUENT OFFERING

Correction: KEY INFORMATION RELATING TO A POTENTIAL SUBSEQUENT OFFERING

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.

Reference is made to the stock exchange notice from Norcod AS (the "Company")

on 12 May 2026 regarding the successful completion of a private placement of

8,508,577 new shares in the Company at a subscription price of NOK 10 per

share (the "Offer Price") raising gross proceeds of NOK 85,085,772 (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: 12 May 2026

Last day of trading including right to participate in Subsequent Offering: 12

May 2026

First Date of trading excluding right to participate in Subsequent Offering:

13 May 2026

Record Date: 15 May 2026

Date of approval: On or about 27 May 2026

Maximum number of new shares: 1,000,000

Subscription price: NOK 10.00

For further information, please contact:

Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail:

cr@norcod.no

Stian Hansen, Chief Financial Officer, phone: +47 481 78 846, E-mail:

sh@norcod.no

This announcement was published by Stian Hansen, on the date and time

provided.

About Norcod:

Norcod's core business is commercial sea farming of cod and is involved in the

entire value chain through ownership and partnerships. Norcod's existing fish

farms are located in Mid-Norway and along the Helgeland coast 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 has been submitted pursuant to the Securities Trading Act §

5-12 and MAR. The information was submitted for publication, through the

agency of the contact persons set out above, at 2026-05-13 10:15 CEST.