ANDF - EX. SUBSEQUENT OFFERING TODAY

23.5.2024 08:00:00 CEST | Andfjord Salmon | Additional regulated information
required to be disclosed under the laws of a member state

Issuer name: Andfjord Salmon Group AS
Ex. date: 23 May 2024
Type of corporate action: Subsequent offering
Other information: The shares in Andfjord Salmon Group AS will from today, 23
May 2024, be traded exclusive of the right to participate in the subsequent
offering as announced on 22 May 2024.

This information is published in accordance with the requirements of the
Continuing Obligations.

CONTACTS

* Bjarne Martinsen, CFO, Andfjord Salmon AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon AS, +47 975 08 665,
martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon. Andfjord Salmon has identified a
roadmap towards a production capacity of 40,000 tonnes HOG at Kvalnes, Andøya,
and set a long-term ambition to reach 90,000 tonnes HOG across Kvalnes, Breivika
and Fiskenes at Andøya. For more information, see www.andfjordsalmon.com -
http://www.andfjordsalmon.com/.