Proximar Seafood AS – Registration of share capital increase

Bergen, Norway/Yokohama, Japan, 19 February 2024. Reference is made to the stock exchange announcements published by Proximar Seafood AS (the "Company") on 25 January 2024 and 30 January 2024, regarding the subsequent offering of up to 12,500,000 new shares in the Company (the "Offer Shares"), each with a nominal value of NOK 0.10, at a subscription price of NOK 2.00 per Offer Share (the "Subsequent Offering"), and the Company's stock exchange announcement made on 6 February 2024, where the Company announced that it had received valid subscriptions for, and would issue, a total of 12,500,000 Offer Shares in the Subsequent Offering.

The share capital increase pertaining to the 12,500,000 Offer Shares has been registered with the Norwegian Register of Business Enterprises, and the Company's new share capital is NOK 14,217,278, divided into 142,172,780 shares, each with a nominal value of NOK 0.10.

This information is subject to a duty of disclosure pursuant to the Company's continuing obligations as a company listed on Euronext Growth Oslo.

For further information, please contact:
Ole Christian Willumsen, CFO, Proximar Seafood AS Phone: +47 48213429 E-mail: ocw@proximar.com.

About Proximar Seafood:

Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility and production at the foot of Mount Fuji in Japan. The company inserted its first batch of eggs in October 2022 and has currently inserted batch number four. Through land-based salmon farming, using high-quality ground water secured close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar's location, near one of the world's most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.