Salmon Evolution ASA - Share Issue/Capital Change 2023

Salmon Evolution ASA: New share capital registered - Private Placement Tranche 1

20 April 2023: Reference is made to the stock exchange announcement on 19 April

2023 by Salmon Evolution ASA ("Salmon Evolution" or the "Company") regarding the

successful placement of the private placement as described therein (the "Private

Placement") and the resolution by the Board of Directors to issue 51,863,220 new

shares (the "New Shares") in Tranche 1 of the Private Placement in the Company

as described therein pursuant to an authorization granted by the Company's

general meeting on 14 June 2022.

The share capital increase pertaining to the issuance of the New Shares has

today been registered with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret). Salmon Evolution's share capital is now NOK 19,880,902.1

comprising of 397,618,042 shares, each with a nominal value of NOK 0.05.

For more information, please contact:

Trond Håkon Schaug-Pettersen, CEO: +47 911 91 327

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.

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