Salmon Evolution ASA — Director's Dealing 2021

Nov 22, 2021

Salmon Evolution ASA: Long-term incentive program for executive management - granting of share options to primary insider

Salmon Evolution ASA: Long-term incentive program for executive management - granting of share options to primary insider

Reference is made to the stock exchange announcement on 27 August 2021 regarding

the establishment of a long-term incentive program for executive management in

Salmon Evolution ASA ("Salmon Evolution" or the "Company").

Odd Frode Roaldsnes, Head of Asia and a primary insider in Salmon Evolution has

been granted a total of 750,000 share options under the program. Following the

grant, Odd Frode Roaldsnes holds a total of 750,000 options and 0 shares in the

Company.

The options will be issued on an annual basis with 1/3 each year, with issue

dates being 22 November 2021, 1 June 2022 and 1 June 2023. Issued options vest

50% after year one and 50% after year two.

A total of 250,000 share options were granted at a strike price of NOK 9.00 per

share, and a total of 500,000 share options were granted at a strike price equal

to the closing price of the Company's shares on Oslo Børs on the last trading

day prior to the respective future issue dates + 15%.

Each option gives the option holder a right to purchase one share in the

Company. The Company may honor options when exercised by delivering either new

shares, treasury shares or settlement in cash, at the discretion of the Company.

Following the grant, the total number of outstanding options in the Company are

9,275,000.

Primary insider notifications pursuant to the market abuse regulation article 19

are attached.

For more information, please contact:

Trond Håkon Schaug-Pettersen, CFO (+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 on Oslo Børs under the ticker SALME. To learn

more, please visit www.salmonevolution.no.

This information is subject to the disclosure requirements pursuant to the

market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading

Act.