Salmon Evolution ASA — Capital/Financing Update 2021

Jun 29, 2021

Salmon Evolution ASA: Signed loan agreements under NOK 625 million debt financing package

Salmon Evolution ASA: Signed loan agreements under NOK 625 million debt financing package

Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) refers to

the stock exchange notice dated 16 April 2021 where the Company announced that

it had signed a committed term sheet (the "Term Sheet") with Nordea and

Sparebanken Vest (jointly the "Lenders") for a senior secured debt financing

package of up to NOK 625 million relating to its phase 1 build out at Indre

Harøy.

Salmon Evolution further refers to the stock exchange notice on 25 June 2021

regarding the signing of a NOK 140 million long-term loan with Innovation Norway

(the IN Facility).

The Company is pleased to announce that it now also has signed legally binding

loan documentation for the NOK 525 million Construction Facility as well as the

NOK 385 million Term Loan Facility, both with Nordea and Sparebanken Vest, and

partially guaranteed by GIEK.

Further, the Company is also pleased to announce that it has signed legally

binding loan documentation for the NOK 100 million Overdraft Facility with

Nordea.

Accordingly, the Company has now signed legally binding loan documentation for

all the respective loan facilities under the NOK 625 million debt financing

package.

For further information, contact:

Håkon A. Berg

CEO, Salmon Evolution

+47 411 92 257

Trond Håkon Schaug-Pettersen

CFO, Salmon Evolution

+47 911 91 327

About Salmon Evolution

Salmon Evolution is a Norwegian land-based salmon farming company focused on

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

by the sea to farm fish on land through its 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 under construction at Indre Harøy,

strategically located on the Norwegian west coast with unlimited access to fresh

seawater, renewable energy, established infrastructure for salmon farming, and

an educated and experienced work force. The entire project is designed for an

annual capacity of approx. 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 HFS technology.

Salmon Evolution ASA is listed at Euronext Growth under the ticker SALME.

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