ANDFJORD SALMON AS - CONTEMPLATED BOND ISSUE

28.5.2025 07:01:28 CEST | Andfjord Salmon | Additional regulated information
required to be disclosed under the laws of a member state

Andfjord Salmon Group AS ("Andfjord Salmon" or the "Company") has mandated
Arctic Securities as Sole Global Coordinator and Joint Bookrunner and Nordea and
SpareBank 1 Markets as Joint Bookrunners, to arrange fixed income investor
meetings starting 30 May 2025.

Subject to market conditions, a NOK-denominated senior secured floating rate
bond with a three-year maturity may follow.

The net proceeds from the bond issue will be applied towards investments and
associated working capital related to the Company's expansion of the Kvalnes
site.

A credit investor presentation has been made available at the Company's web
page: www.andfjordsalmon.com - http://www.andfjordsalmon.com.

CONTACTS

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

For more information, see www.andfjordsalmon.com - http://www.andfjordsalmon.com
.