Nordic Halibut AS — Earnings Release 2021

Nov 1, 2021

Nordic Halibut AS – Q3 2021 Report

Nordic Halibut AS – Q3 2021 Report

Averøy, Norway, 1 November 2021

Q3 2021 Highlights:

• Sales revenue considerably up from corresponding quarters in previous years ending at 16.12 mNOK (+121% QoQ)

• Average sales price in the quarter ended at 119.14 NOK/kg (+11% QoQ)

• Profit after tax in Q3 2021 ended at -10.49 mNOK – an improvement from the two previous quarters in 2021 and according to company expectations for the quarter.

• Harvested volume during Q3 2021 was 135.3 tonnes HOG

• Harvest guiding 2021 increased by 115 tonnes HOG or 27% to 540 tonnes HOG on strong biological performance and rising demand

• Secured location for the new land-based facility at Tingvoll, enabling production of 9.000 tonnes HOG halibut within 2030

• Investments in third sea site location and on-growing site at Averøy progressing according to plan

For more information, please see attached presentations or contact:

CEO Edvard Henden, edvard@nordichalibut.no, +47 911 41 165, or

CFO Kenneth Meyer, kenneth.meyer@nordichalibut.no, +47 452 12 424

About Nordic Halibut AS:

Nordic Halibut is a company based in Western Norway and with headquarters in Averøy, Nordmøre. The Company is a leading farmer of Atlantic halibut. The Company has a fully integrated and well-developed value chain from genetics to sales and has had a significant breakthrough in early phase production. The Company will be implementing a growth plan to expand production volumes considerably. Nordic Halibut will create shareholder value by pursuing value accretive organic growth through by increased production.