Proximar Seafood AS — Director's Dealing 2023

May 2, 2023

Mandatory notification of trade

Mandatory notification of trade

Bergen, Norway/Yokohama, Japan – 2 May 2023. Reference is made to the stock exchange announcement by Proximar Seafood AS (“Proximar” or the “Company”) on 27 April 2023 regarding a contemplated private placement (the "Private Placement") and the subsequent announcement on 28 April 2023 regarding the successful placement of the private placement.

In order to facilitate DVP settlement in the Private Placement, the Company has entered into a share lending agreement with Grieg Kapital AS, whereby Grieg Kapital AS lent 2,016,385 shares in the Company to the joint bookrunners, ABG Sundal Collier ASA and Arctic Securities AS.

For more information, please contact:

Pål K. Grimsrud, CFO, +47 99 47 75 99, pkg@proximar.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

About Proximar Seafood:

Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility and production at the foot of Mount Fuji in Japan. The company has inserted its fifth batch of eggs since October 2022. Through land-based fish farming, using high-quality ground water secured close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar’s location, near one of the world’s most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.