Salmon Evolution ASA — Capital/Financing Update 2025

Jun 12, 2025

Salmon Evolution ASA: Strengthening financial flexibility with new loan facilities

Salmon Evolution ASA: Strengthening financial flexibility with new loan facilities

Salmon Evolution ASA (the "Company", OSE: SALME) has entered a credit facility

of up to NOK 250 million with DNB Bank ASA and Nordea Bank Abp, Norwegian

branch. The new facility is based on customary market terms and has a tenor of

12 months with an option to extend another 6 months, subject to lenders'

consent. The new loan facility has obtained relevant credit committee

approvals and is subject to customary closing conditions, including final

documentation. Additionally, the Company has entered into an agreement to

increase its current overdraft facility with Nordea Bank Abp, Norwegian

branch, from NOK 150 million to NOK 200 million.

The purpose of the new facility is to strengthen the Company's financial

flexibility in light of a softer than expected salmon market over the last 12

months. A portion of the new facility is dedicated to the planned pre-grow-out

department at Indre Harøy. As reported in the Q1 2025 presentation the Indre

Harøy phase 2 construction project is progressing according to plan.

Pursuant to the Company's existing loan facilities, the Company is subject to

various financial covenants. Reflecting, as mentioned, the softer than

expected salmon market, the Company has also agreed with its lenders to amend

the EBITDA covenant requirements through 2025.

This information is considered to constitute inside information pursuant to

the EU Market Abuse Regulation article 7 and is subject to the disclosure

requirements pursuant to MAR article 17 and Section 5-12 the Norwegian

Securities Trading Act. This stock exchange announcement was published by

Trond Vadset Veibust, CFO, Salmon Evolution ASA, on 12 June 2025 at

07:00 CEST.

For further information, please contact:

Trond Vadset Veibust, CFO

tvv@salmone.no

+47 48 09 05 95

About Salmon Evolution

Salmon Evolution is the global leader within land-based salmon farming.

Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending

the Ocean Potential by creating optimal growth conditions in a controlled

environment on land. This approach, capturing the benefits of both land-based

and sea-based farming, puts biology first and limits operational and

biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture

industry on the west coast of Norway, where the Company has its first facility

and global centre of excellence fully operational at industrial scale. Enabled

by the proof of concept in Norway, Salmon Evolution targets significant

international expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,

please visit www.salmonevolution.no.