Mowi (OSE: Mowi): Arctic Fish update: EU Commission approval

With reference to stock exchange announcement on 31 October 2022 and acquisition
of 51.28% of the shares in Arctic Fish.

Mowi is pleased to announce that we have obtained approval from the EU
Commission regarding the acquisition of shares in Arctic Fish. This means we can
proceed with closing the transaction.

For further information, please contact:
Ivan Vindheim, CEO, + 47 958 71 310

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