Contemplated bond issue

28 May 2025

Andfjord Salmon Group AS ("Andfjord Salmon" or the "Company") has mandated Arctic Securities as Sole Global Coordinator and Joint Bookrunner and Nordea and SpareBank 1 Markets as Joint Bookrunners, to arrange fixed income investor meetings starting 30 May 2025.

Subject to market conditions, a NOK-denominated senior secured floating rate bond with a three-year maturity may follow.

The net proceeds from the bond issue will be applied towards investments and associated working capital related to the Company’s expansion of the Kvalnes site.

CONTACTS

Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345, bjarne.martinsen@andfjord.no

Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665, martin@andfjord.no

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world's most sustainable and fish-friendly aquaculture facility of its kind. Through a proprietary flow-through system, Andfjord Salmon combines the best from ocean and land-based salmon farming. In its first production cycle, the company achieved an industry-leading survival rate of 97.5 percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and required 1 kWh to produce one kilo of salmon.