Salmon Evolution ASA — Environmental & Social Information 2023

Oct 31, 2023

Salmon Evolution ASA: Achieves ASC certification

Salmon Evolution ASA: Achieves ASC certification

Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) is

pleased to share a significant achievement towards responsible and sustainable

salmon production with the Indre Harøy grow-out facility earning the prestigious

Aquaculture Stewardship Council («ASC») certification after only 18 months in

operation. ASC is globally renowned for its stringent aquaculture standards

focused on environmental sustainability and social responsibility.

"Our ASC certification is a testament to the hard work and dedication of our

team at Salmon Evolution. We are immensely proud of this achievement, which

reaffirms our commitment to sustainability, innovation, and production of

premium quality salmon," said Trond Håkon Schaug-Pettersen, CEO of Salmon

Evolution.

Salmon Evolution is currently on the verge of significantly increasing its

harvest volumes. The ASC certification plays an important part of the Company's

commercial strategy, both in terms of market access and to support strong price

realization.

For further information, 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