Salmon Evolution ASA - Share Issue/Capital Change 2022

Salmon Evolution ASA: Share issue as a result of options exercised

Reference is made to the announcement made by Salmon Evolution ASA (the

"Company") on 3 January 2022 regarding the 1,625,000 options exercised under the

Company's employee share option program implemented in 2020.

As a result of the options exercised, the Board of Directors of the Company has

resolved to increase the Company's share capital with NOK 81,250, by the

issuance of 1,625,000 new shares, each with a par value of NOK 0.05, pursuant to

the authorization granted by the Company's annual general meeting held on 19 May

2021 to increase the share capital in connection with the Company's incentive

programs. Following the registration of this share capital increase in the

Norwegian Register of Business Enterprises, the Company's share capital will be

NOK 15,621,074.45 consisting of 312,421,489 ordinary shares each with a par

value of NOK 0.05.

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 section 5-12 of the Norwegian Securities Trading

Act.

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