Salmon Evolution ASA — Share Issue/Capital Change 2026

Apr 29, 2026

Salmon Evolution ASA - Key information relating to a potential subsequent offering

Salmon Evolution ASA - Key information relating to a potential subsequent offering

29 April 2026: Reference is made to the stock exchange announcement from

Salmon Evolution ASA (the "Company") today regarding a successfully placed

private placement of new shares in the Company raising NOK 400.5 million in

gross proceeds by issuing 89 million new shares, each at a subscription price

of NOK 4.50 per share (the "Offer Price") (the "Private Placement") and a

contemplated subsequent offering of up to 11,111,111 new shares in the Company

at the Offer Price in the Private Placement, raising gross proceeds of up to

NOK 50 million (the "Subsequent Offering").

Please see the key information below pertaining to the Subsequent Offering:

Date on which the terms and conditions of the Subsequent Offering were

announced: 29 April 2026

Last day including right: 28 April 2026

Ex-date: 29 April 2026

Record date: 30 April 2026

Date of approval: 28 April 2026

Maximum number of new shares: 11,111,111

Subscription price: NOK 4.50 per share

Other information: The Subsequent Offering will be directed towards existing

shareholders in the Company as of 28 April 2026 (as registered in the VPS two

trading days thereafter), who (i) were not allocated shares in the Private

Placement, and (ii) are not resident in a jurisdiction where such offering

would be unlawful, or would (in jurisdictions other than Norway) require any

prospectus filing, registration or similar action (jointly, the "Eligible

Shareholders").

The Subsequent Offering is, among other things, (i) subject to completion of

the Private Placement, (ii) publication of a prospectus, (iii) prevailing

market price of the Company's shares being higher than the Offer Price as

determined by the Board, and (iv) the necessary corporate approvals, including

approval by a general meeting of the Company.

Eligible Shareholders are expected to receive non-transferable subscription

rights. The subscription period in the Subsequent Offering is expected to

commence shortly after publication of the prospectus, currently expected

during June 2026. The Company will issue a separate stock exchange notice with

further details on the Subsequent Offering.

The Company reserves the right in its sole discretion to not conduct or to

cancel any Subsequent Offering based on market conditions and other relevant

factors.

Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, and Nordea Bank

Abp, filial i Norge are acting as managers for the potential Subsequent

Offering. Advokatfirmaet BAHR AS is acting as legal advisor to the Company.

This information is published in accordance with the requirements of the rules

of Euronext Oslo Børs.

About Salmon Evolution

Salmon Evolution is the global leader within land-based salmon farming.

Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending

the Ocean Potential by creating optimal growth conditions in a controlled

environment on land. This approach, capturing the benefits of both land-based

and sea-based farming, puts biology first and limits operational and

biological risk.

Salmon Evolution is strategically located at the heart of the global

aquaculture industry on the west coast of Norway, where the Company has its

first facility and global centre of excellence fully operational at industrial

scale. Enabled by proof of concept at Indre Harøy, Salmon Evolution targets

significant expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,

please visit www.salmonevolution.no.

IMPORTANT NOTICE

The information contained in this announcement is for background purposes only

and does not purport to be full or complete. No reliance may be placed for any

purpose on the information contained in this announcement or its accuracy,

fairness or completeness. None of the managers or any of their respective

affiliates or any of their respective directors, officers, employees, advisors

or agents accepts any responsibility or liability whatsoever for, or makes any

representation or warranty, express or implied, as to the truth, accuracy or

completeness of the information in this announcement (or whether any

information has been omitted from the announcement) or any other information

relating to the Company, its subsidiaries or associated companies, whether

written, oral or in a visual or electronic form, and howsoever transmitted or

made available, or for any loss howsoever arising from any use of this

announcement or its contents or otherwise arising in connection therewith.

This announcement has been prepared by and is the sole responsibility of the

Company.

Neither this announcement nor the information contained herein is for

publication, distribution or release, in whole or in part, directly or

indirectly, in or into or from the United States (including its territories

and possessions, any State of the United States and the District of Columbia),

Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction

where to do so would constitute a violation of the relevant laws of such

jurisdiction. The publication, distribution or release of this announcement

may be restricted by law in certain jurisdictions and persons into whose

possession any document or other information referred to herein should inform

themselves about and observe any such restriction. Any failure to comply with

these restrictions may constitute a violation of the securities laws of any

such jurisdiction.

This announcement does not contain or constitute an offer to sell or a

solicitation of any offer to buy or subscribe for any securities referred to

in this announcement to any person in any jurisdiction, including the United

States, Australia, Canada, Japan, Hong Kong or South Africa or any

jurisdiction to whom or in which such offer or solicitation is unlawful.

The distribution of this announcement and other information may be restricted

by law in certain jurisdictions. Persons into whose possession this

announcement or such other information should come are required to inform

themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "U.S.

Securities Act"), and may not be offered or sold in the United States absent

registration or an exemption from, or in a transaction not subject to, the

registration requirements of the U.S. Securities Act and in accordance with

applicable U.S. state securities laws. The Company does not intend to register

any securities referred to herein in the United States or to conduct a public

offering of securities in the United States.

This announcement is made by, and is the responsibility of, the Company. The

managers and their affiliates are acting exclusively for the Company and

no-one else in connection with the potential Subsequent Offering. They will

not regard any other person as their respective clients in relation to any

Subsequent Offering and will not be responsible to anyone other than the

Company, for providing the protections afforded to their respective clients,

nor for providing advice in relation to any Subsequent Offering, the contents

of this announcement or any transaction, arrangement or other matter referred

to herein.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "aims", "expect",

"anticipate", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies, and other important

factors which are difficult or impossible to predict and are beyond its

control. Such risks, uncertainties, contingencies, and other important factors

could cause actual events to differ materially from the expectations expressed

or implied in this release by such forward-looking statements. Forward-looking

statements speak only as of the date they are made and cannot be relied upon

as a guide to future performance. The Company, each of the managers and their

respective affiliates expressly disclaim any obligation or undertaking to

update, review or revise any forward-looking statement contained in this

announcement whether as a result of new information, future developments or

otherwise. The information, opinions and forward-looking statements contained

in this announcement speak only as at its date and are subject to change

without notice.

This announcement is for information purposes only. It does not purport to be

complete, and it is not to be relied upon in substitution for the exercise of

independent judgment. It is not intended as investment advice and under no

circumstances is it to be used or considered as an offer to sell, or a

solicitation of an offer to buy any securities or a recommendation to buy or

sell any securities of the Company. Neither the managers nor any of their

respective affiliates accepts any liability arising from the use of this

announcement. The Company and the managers, and their respective affiliates,

expressly disclaim any obligation or undertaking to update, review or revise

any statement contained in this announcement whether as a result of new

information, future developments or otherwise.