Salmon Evolution ASA - Director's Dealing 2023

Salmon Evolution ASA: Mandatory notification of trade

23 June 2023: Ronja Capital II AS, a legal person closely associated with Tore

Tønseth, the Chairman of Salmon Evolution ASA, has on 23 June 2023 purchased 150

000 shares in Salmon Evolution ASA at a price of NOK 6.0162 per share. After the

transaction Ronja Capital II AS holds 30,140,645 shares in Salmon Evolution ASA,

equal to 7,28 % of the shares and votes in the Company.

Please find attached Primary insider notification pursuant to the Market Abuse

Regulation article 19.

For further information, contact:

Trond Vadset Veibust

CFO, Salmon Evolution

+47 480 90 595

About Salmon Evolution

Salmon Evolution is a Norwegian land-based salmon farming company targeting a

production capacity of 100,000 tonnes HOG by 2032. The Company's core focus is

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 strategically located at Indre Harøy

on the Norwegian west coast with unlimited access to fresh seawater, renewable

energy, established infrastructure, and an educated and experienced work force.

Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes

HOG at steady state. Fully developed, the Indre Harøy facility will have an

annual capacity of 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.

Furthermore, Salmon Evolution has initiated a process with the aim of

establishing a land-based salmon farming operation in North America.

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.

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