Salmon Evolution ASA — Director's Dealing 2022

Jan 3, 2022

Salmon Evolution ASA: Exercise of options by primary insiders and PDMR notifications

Salmon Evolution ASA: Exercise of options by primary insiders and PDMR notifications

Reference is made to the employee share option program in Salmon Evolution ASA

(the "Company") implemented in 2020 in connection to the Company's admission to

trading on Euronext Growth and involving a total of 1,625,000 share options with

an average strike price of NOK 4.80 (the "2020 Program").

All 1,625,000 options under the 2020 program have today been exercised at an

average strike price of NOK 4.80.

The primary insiders of the Company have exercised options as follows:

· Håkon André Berg (CEO): 450,000 options at a strike price of NOK 4.30

· Trond Håkon Schaug-Pettersen (CFO): 375,000 options at a strike price of NOK

6.20

· Ingjarl Skarvøy (COO): 100,000 options at a strike price of NOK 4.30

· Kamilla Mordal Holo (Project Director): 100,000 options at a strike price of

NOK 4.30

· Hans Petter Mortveit (Finance Manager): 75,000 options at a strike price of

NOK 5.00

Each of the options entitle the holder to have issued one new share from the

Company at a subscription price equaling the respective strike prices. The

shares issued in connection with the option exercise will be subject to a lock

-up period ranging from 6 to 12 months. Following the options exercise, the

total number of outstanding options in the Company is 7,650,000.

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 in Regulation EU

596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading

Act.