Salmon Evolution ASA — Remuneration Information 2022

Jun 1, 2022

Salmon Evolution ASA: Strike price set for tranche 2 options under the Company's long term incentive program for the executive management

Salmon Evolution ASA: Strike price set for tranche 2 options under the Company's long term incentive program for the executive management

Reference is made to the stock exchange announcement on 27 August 2021 and 22

November 2021 regarding the implementation of a long-term incentive program for

the Company's executive management.

Under the program a total of 7,650,000 share options were granted. The first

tranche of 2,550,000 share options were issued in 2021 with a strike price of

NOK 9.00 per share ("Tranche 1"). The remaining tranches were to be issued on 1

June 2022 ("Tranche 2") and 1 June 2023 ("Tranche 3") with a strike price equal

to the closing price of the Company's shares on Oslo Børs on the last trading

day prior to the respective issue dates + 15%.

Accordingly, a total of 2,550,000 Tranche 2 share options have today been issued

with a strike price equal to NOK 10.06 per share, reflecting the closing price

of the Company's shares on Oslo Børs on 31 May 2022 + 15%. The strike price

applies to the following options previously granted to the relevant primary

insiders:

· Håkon André Berg (CEO): 1,000,000 options

· Trond Håkon Schaug-Pettersen (CFO): 800,000 options.

· Ingjarl Skarvøy (COO): 250,000 options.

· Kamilla Mordal Holo (CPO): 250,000 options.

· Odd Frode Roaldsnes (CCO): 250,000 options

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 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 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 chosen 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 section 5-12 of

the Norwegian Securities Trading Act.