Salmon Evolution ASA — Director's Dealing 2022

Apr 5, 2022

Salmon Evolution ASA: Mandatory notification of trade

Salmon Evolution ASA: Mandatory notification of trade

Reference is made to the stock exchange notice by Salmon Evolution ASA (the

"Company") on 5 April 2022 regarding the successfully placed private placement

of 33,333,333 new shares in the Company (the "Private Placement").

The following persons closely associated with primary insiders in the Company

were allocated shares in the Private Placement:

· Ronja Capital II AS, a person closely associated with chairman Tore Tønseth,

was allocated 555,555 shares in the Private Placement and will following

completion of the Private Placement (both tranches) hold 27,393,242 shares in

the Company.

· Rofisk AS, a person closely associated with board member Glen Bradley, was

allocated 222,222 shares in the Private Placement and will following completion

of the Private Placement (both tranches) hold 13,697,662 shares in the Company.

· Salmoserve AS, a person closely associated with board member Glen Bradley,

was allocated 55,555 shares in the Private Placement and will following

completion of the Private Placement (both tranches) hold 3,782,921 shares in the

Company.

· Ocean Industries AS, a person closely associated with board member Glen

Bradley, was allocated 11,111 shares in the Private Placement and will following

completion of the Private Placement (both tranches) hold 1,511,111 shares in the

Company.

· Stette Invest AS, a person closely associated with board member Peder

Stette, was allocated 333,333 shares in the Private Placement and will following

completion of the Private Placement (both tranches) hold 11,569,338 shares in

the Company.

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 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 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 chosen 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

Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities

Trading Act section 5-12.