AKVA group ASA: New land based contracts awarded

AKVA group ASA hereby announce that its wholly owned subsidiary, AKVA group Land
Based A/S, has been awarded two post-smolt RAS contracts in Norway.

The estimated value of the contracts is EUR 6 million and EUR 19,8 million
respectively and the projects will start in February 2022.


Dated: 16 February 2022

AKVA group ASA

Web: www.akvagroup.com (http://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

Ronny Meinkøhn - Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

E-mail: rmeinkohn@akvagroup.com (mailto:rmeinkohn@akvagroup.com)


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

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About AKVA group ASA

AKVA group ASA is a global technology and service partner that deliver
technology and services  that  helps  solve  biological  challenges within the
aquaculture industry.  Good operational performance and fish welfare ensures
sustainability and profitability for the customer. This is the premise for
everything we deliver, from single components to services and complete
installations. In-depth aquaculture knowledge, extensive experience and a high
capacity for innovation characterizes and enables us to deliver the best
solutions for both land-based and sea based fish farming.