NORCOD AS: New share capital registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Norcod AS (the
“Company”) on 5 April 2024 regarding the final results of a subsequent offering and offer of 208,823 new shares (the "Offer Shares") in the Company at a subscription price of NOK
12 per share (the “Offer Price”) raising gross proceeds of approx. NOK 2.5 million (the “Subsequent Offering”).

The share capital increase pertaining to the issuance of the Offer Shares in the Subsequent Offering has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following this, the Company's registered share capital is NOK 21,901,582 divided into 43,803,164 shares, each with a nominal value of NOK 0.50.

For more information, please contact:
Christian Riber, CEO, Norcod AS Tel: +47 905 37 990
E-mail: cr@norcod.no

Arne Kristian Hoset CFO, Norcod AS Tel: +47 988 10 282
E-mail: arne.hoset@norcod.no

About Norcod: Norcod AS’ core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod’s existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo’s Euronext Growth market.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).