AKVA group ASA: Completion of the acquisition of Newfoundland Aqua Service Ltd.

Reference is made to the stock exchange notice published by AKVA group ASA
("AKVA") on 30 January 2020 regarding the agreement entered into by AKVA and the
majority shareholders of Newfoundland Aqua Service Ltd. ("NAS") for the
acquisition by AKVA of approximately 70 % of the common shares in NAS (the
"Transaction").

AKVA is pleased to announce that the Transaction has successfully been
completed.

Dated: 21 February 2020
AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 37 62 20

E-mail: knesse@akvagroup.com


Andreas Pierre Hatjoullis Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 92 69 99 33

E-mail: aphatjoullis@akvagroup.com

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act