Frøy ASA Extraordinary general meeting 23.03.2022 – proposed new board members

Referring to the stock exchange release 02.03.22 by Frøy ASA (“Frøy or the Company”) regarding the notice to an Extraordinary General Meeting.

Please find attached updated documents regarding item 4 on the agenda - election of a new board. The nomination committee propose to increase the number of board members from 5 to 7 to include a broader base of shareholders at the Board of Directors.

The nomination committee propose to re-elect the following board members:
- Svein Sivertsen as the Chairman of the Board
- Dagfinnn Eliassen as a representative for NTS ASA
- Hege Veiseth as an independent board member
- Anne-Sofie Utne as an independent board member

The nomination committee propose to elect three new board members:

Ivar Sigmund Williksen as a representative for NTS ASA.

Mr. Williksen has previously served as board member in Frøy´s subsidiary Norsk Fisketransport AS and has broad experience from the seafood industry and from management of stock exchange listed companies.

Paul Birger Torgnes as a representative from the minority shareholders.

Mr. Torgnes has broad seafood sector experience and background both from similar board positions and management of stock exchange listed companies.

Ingri Marie Sivertsen as a representative from the minority shareholders.

Mrs. Sivertsen serves as CEO of Nyhamn AS and is also a board member in Norway Royal Salmon ASA.

Please find attached the nomination committee´s nomination of board members and proxy with voting instructions.

The attached documents are also available at www.froygruppen.no/investor

For further information, please contact:

Tonje Foss, CEO +47 996 10 116
Tore Helgesen, interim CFO + 47 952 61 371
Sondre Vevstad, IR +47 936 54 555

This information is subject to the disclosure requirements pursuant to Oslo Børs' Continuing Obligations