Salmon Evolution ASA — AGM Information 2023

May 11, 2023

Salmon Evolution ASA - Results from Extraordinary General Meeting

Salmon Evolution ASA - Results from Extraordinary General Meeting

Reference is made to the stock exchange announcement published by Salmon

Evolution ASA (the "Company") on 19 April 2023 regarding the successful placing

of a private placement of 68,181,818 shares at a subscription price of NOK 7.7

in the Company to raise gross proceeds of NOK 525 million (the "Private

Placement").

The Private Placement consists of one tranche of 51,863,220 Offer Shares

("Tranche 1") and a second tranche of 16,318,598 Offer Shares ("Tranche 2"). New

shares in Tranche 1 were issued on 20 April 2023 pursuant to the board

authorization to issue new shares granted by the Company's annual general

meeting held on 14 June 2022. The issue of new shares in Tranche 2 was subject

to approval by the Company's extraordinary general meeting (the "EGM").

The EGM was held today and all resolutions on the agenda were approved,

including the share capital increase pertaining to the issue of new shares in

Tranche 2.

Minutes from the EGM are attached to this notice and will be made available on

the Company's website: www.salmonevolution.no.

It is expected that the share capital increase relating to the issuance of the

new shares in Tranche 2 will be registered with the Norwegian Register of

Business Enterprises (the "NRBE") on or about 12 May 2023, and where the new

shares shall be re-delivered to Ronja Capital II AS as share-lender in relation

to Tranche 2.

Following registration with the NRBE, the issued share capital of the Company is

expected to be NOK 20,696,832 comprising 413,936,640 shares, each with a nominal

value of NOK 0.05.

The Company has appointed DNB Markets, a part of DNB Bank ASA, and Nordea Bank

Abp. filial i Norge as Joint Global Coordinators and Joint Bookrunners, and

Arctic Securities AS and Pareto Securities AS as Joint Bookrunners.

Advokatfirmaet BAHR AS is acting as legal advisor to the Company.

For more information, please contact:

Trond Håkon Schaug-Pettersen, CEO: +47 911 91 327

About Salmon Evolution

Salmon Evolution is a Norwegian land-based salmon farming company targeting a

production capacity of 100,000 tonnes HOG by 2032. The Company's core focus is

on extending the ocean's potential by transferring the best preconditions

offered by the sea to farm fish on land through its chosen hybrid flow-through

system technology (HFS). This secures a truly sustainable production process

with controlled and optimal growth conditions and limiting operational and

biological risk.

The Company's first production facility is strategically located at Indre Harøy

on the Norwegian west coast with unlimited access to fresh seawater, renewable

energy, established infrastructure, and an educated and experienced work force.

Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes

HOG at steady state. Fully developed, the Indre Harøy facility will have an

annual capacity of 31,500 tonnes HOG.

The Company has also entered into a joint venture with Dongwon Industries where

the parties will develop, construct and operate a land-based salmon farming

facility in South Korea with an annual production capacity of 16,800 tonnes HOG,

using Salmon Evolution's chosen HFS technology.

Furthermore, Salmon Evolution has initiated a process with the aim of

establishing a land-based salmon farming operation in North America.

Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.

To learn more, please visit www.salmonevolution.no.