Salmon Evolution ASA — Director's Dealing 2023

Jun 1, 2023

SALMON EVOLUTION ASA: REPORTING OF TRANSACTIONS MADE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM IN SALMON EVOLUTION ASA'S SHARES

Ålesund, 1 June 2023: Pursuant to the Market Abuse Regulation article 19, Salmon Evolution ASA (the "Company"), shall hereby notify receipt of information of the following transactions made by persons discharging managerial responsibilities in the Company and persons closely associated with them in the Company's shares and other financial instruments linked thereto.

1	Details of the Reporting Person / their Closely Associated Persons
a)	Name	Henriette Nordstrand
2	Reason for the notification
a)	Position/status	Technical Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Salmon Evolution ASA
b)	LEI		549300P2OB7L255PF765
4. 1	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Share options, each option conditionally giving the right to subscribe or purchase one ordinary share in the Company — ISIN for the Company's ordinary shares: NO 0010892094
b)	Nature of the transaction	Share options granted by the board of directors pursuant to the Company's share option programme.
c)	Price(s) and volume(s)	Price(s) in NOK	Volume(s)
		0	125,000

d)	Aggregated information - Aggregated volume - Price	A total of 125,000 share options in total issued on 1 June 2023 at a strike price of NOK 8.30 share. Each option giving the right to receive one ordinary share in Salmon Evolution ASA. Issued options vest 50% after one year and 50% after two years. NOK 0
e)	Date of the transaction	2023-06-01
f)	Place of the transaction	Outside a trading venue.

1	Details of the Reporting Person / their Closely Associated Persons
a)	Name	Tore-Jakob Reite
2	Reason for the notification
a)	Position/status	Director Strategic Projects
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Salmon Evolution ASA
b)	LEI	549300P2OB7L255PF765
4. 1	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument and identification code	Share options, each option conditionally giving the right to subscribe or purchase one ordinary share in the Company — ISIN for the Company's ordinary shares: NO 0010892094
b)	Nature of the transaction	Share options granted by the board of directors pursuant to the Company's share option programme.
c)	Price(s) and volume(s)	Price(s) in NOK 0	Volume(s) 125,000
d)	Aggregated information Aggregated volume -	A total of 125,000 share options in total issued on 1 June 2023 at a strike price of NOK 8.30 share. Each option giving the right to receive one ordinary share in Salmon Evolution ASA. Issued options vest 50% after one year and 50% after two years.

		NOK 0
	Price -
e)	Date of the transaction	2023-06-01
f)	Place of the transaction	Outside a trading venue.

For further information, please contact:

Trond Håkon Schaug-Pettersen CEO, Salmon Evolution +47 911 91 327

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 section 5-12 of the Norwegian Securities Trading Act.