Salmon Evolution ASA — Remuneration Information 2023

Jun 1, 2023

Salmon Evolution ASA: Granting of share options and strike price for tranche 3 share options under the Company's long term incentive program for executive management

Salmon Evolution ASA: Granting of share options and strike price for tranche 3 share options under the Company's long term incentive program for executive management

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

the establishment of a long-term incentive program for executive management in

Salmon Evolution ASA ("Salmon Evolution" or the "Company") and additional grant

announcements on 22 November 2021 and 10 January 2023.

Under this program each Henriette Nordstrand and Tore-Jakob Reite has been

granted 125,000 share options each with issue date 1 June 2023 ("Tranche 3" of

the program). Following the grant, Henriette Nordstrand (directly or indirectly

through her fully owned company Heno Holding AS) holds a total of 125,000 share

options and 16,144 shares in the Company, and Tore-Jakob Reite holds a total of

125,000 share options and 1,250 shares in the Company.

Under the program a total of 8,600,000 share options have been granted, of which

2,500,000 are forfeited. Following the grants described above, the total number

of outstanding options under this program is now 6,100,000.

In accordance with the program as well as previous and above-mentioned grants,

"Tranche 3" of the program contains a total of 2,500,000 share options which

today have been issued with a strike price equal of NOK 8.30 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 granted to the relevant

primary insiders:

·

Trond Håkon Schaug-Pettersen (CEO): 1,000,000 options.

·

Trond Vadset Veibust (CFO): 500,000 options.

·

Ingjarl Skarvøy (COO): 250,000 options.

·

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

·

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

·

Henriette Nordstrand (Technical director): 125,000 options.

·

Tore-Jakob Reite (Director strategic projects): 125,000 options.

See above-mentioned announcements and the Company's annual report for 2022 for

further information about the incentive program.

Primary insider notifications relating to the grants taking place on 1 June 2023

are attached pursuant to the market abuse regulation article 19.

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.