Mandatory notification of trade

BJJ Holding AS, a company closely related to Bjarne Johannessen, head of NTS Shipping AS and primary insider in Frøy ASA, has on 18 March 2021 subscribed for shares in the ongoing IPO of Frøy ASA. Frøy ASA refers to the attached document for further details of the subscription. This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.