Organisational updates – new CFO hired in Japan

Bergen, 5 November 2025 - Proximar Seafood AS (“Proximar” or the “Company”) announces a new organisational structure, with a new CFO commencing in Japan 1 December 2025. This marks a gradual and planned organisational shift of resources from Norway to Japan.

Mr. Ole Christian Willumsen has tendered his resignation from his position as CFO in Proximar in order to pursue opportunities outside of the Company.

Mr. Willumsen has been with Proximar and held the position as CFO since 1 August 2023, and he is currently the only employee left in Norway as the Company has transferred its entire management team to Japan according to plan. He will stay in his position until end of January 2026.

"Ole Christian has done an excellent job as CFO of Proximar and I would like to express my gratitude for his dedication and contribution from Proximar's stage as a development company, to its current position with the facility fully operational and supplying fresh fish to the Japanese market", says Joachim Nielsen, CEO of Proximar.

"Proximar has a unique position in land-based fish farming in Japan and an exciting future ahead of it. It's now time for me to pursue new opportunities, but I will do my utmost to ensure a smooth handover and will continue to cheer from the sidelines", says Mr. Willumsen.

Mr. Tetsuya Kobayashi will assume the role as CFO in Proximar Ltd., the wholly owned daughter company in Japan, starting 1 December 2025, providing ample time for a thorough handover process. Mr. Kobayashi has extensive experience in finance and banking, including senior roles in Mizuho Securities, HSBC Securities and RBS Securities. He has held roles as head of both debt- and equity capital markets, and most recently, as CFO in a start-up company.

"We look forward to welcoming Mr. Kobayashi to join us and to take part in shaping Proximar's next era and further strengthening our team here in Japan - in line with our strategy", says Mr. Nielsen, CEO of Proximar.

For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@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 carried out its first harvest on 30 September 2024. Proximar’s brand and logo (Fuji Atlantic Salmon) were officially launched in October 2024 at our partner Marubeni Corporation’s head quarter in Tokyo. Through land-based salmon farming, using high-quality groundwater secured close to Mount Fuji, the company produces 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.