Salmon Evolution ASA — Director's Dealing 2024

Sep 18, 2024

Salmon Evolution ASA: Granting of share options to executive management and key employees

Salmon Evolution ASA: Granting of share options to executive management and key employees

The Board of Salmon Evolution ASA (the "Company") has today approved the award

and allocation of 3,880,000 share options, at a strike price of NOK 7.50 per

share, to members of the Company's management and key employees.

Share options were granted to the following primary insiders:

· Trond Håkon Schaug-Pettersen (CEO): 1,000,000 options. Following the grant,

he holds a total of 3,600,000 options (shareholding: 500,000 shares through

Troha Invest AS).

· Trond Vadset Veibust (CFO): 500,000 options. Following the grant, he holds a

total of 1,000,000 options (shareholding: 90,000 shares through Trollkyrkja

AS).

· Ingjarl Skarvøy (COO): 300,000 options. Following the grant, he holds a

total of 1,050,000 options (shareholding: 1,800,150 shares privately and through

Terra Mare AS).

· Kamilla Mordal Holo (CPO): 300,000 options. Following the grant, she holds a

total of 1,050,000 options (shareholding: 160,060 shares through C10 Holding

AS).

· Odd Frode Roaldsnes (COO): 300,000 options. Following the grant, he holds a

total of 1,050,000 options (shareholding: 275,000 shares through Anno Invest

AS).

· Henriette Nordstrand (Technical Director): 150,000 options. Following the

grant, she holds a total of 275,000 options (shareholding: 50,000 shares through

Heno Holding AS).

· Tore-Jakob Reite (Director Strategic project): 100,000 options. Following

the grant, he holds a total of 225,000 options (shareholding: 1,250 shares).

· Hans Petter Mortveit (Finance Manager): 70,000 options. Following the grant,

he holds a total of 140,000 options (shareholding: 110,152 shares).

Please see attached primary insider notification forms in accordance with the

Market Abuse Regulation article 19.

The options vest annually with 1/3 over the next 3 years. Subject to the vesting

periods, the options may be exercised at any time, but no later than the fifth

anniversary of the grant date.

Following the grant of these options, the total number of options outstanding is

10,940,000, including options granted under the Company's previous long-term

incentive program for executive management and key employees.

This information is subject to the disclosure requirements pursuant to article

19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian

Securities Trading Act.

For further information, please contact:

Trond Vadset Veibust

CFO, Salmon Evolution

+47 480 90 595

About Salmon Evolution

Salmon Evolution is the global leader within land-based salmon farming with a

clear roadmap for 100,000 tonnes HOG annual production capacity. Pioneering the

hybrid flow-through system (HFS), Salmon Evolution is Extending the Ocean

Potential by creating optimal growth conditions in a controlled environment on

land. This approach, capturing the benefits of both land-based and sea-based

farming, puts biology first and limits operational and biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture

industry on the west coast of Norway, where the Company has its first facility

and global centre of excellence fully operational at industrial scale. Enabled

by the proof of concept in Norway, Salmon Evolution targets significant

international expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,

please visit www.salmonevolution.no