The Board of Salmon Evolution ASA (the “Company”) has today approved the award and allocation of 3,880,000 share options, at a strike price of NOK 7.50 per share, to members of the Company's management and key employees.

Share options were granted to the following primary insiders:

- Trond Håkon Schaug-Pettersen (CEO): 1,000,000 options. Following the grant, he holds a total of 3,600,000 options (shareholding: 500,000 shares through Troha Invest AS).  
- Trond Vadset Veibust (CFO): 500,000 options. Following the grant, he holds a total of 1,000,000 options (shareholding: 90,000 shares through Trollkyrkja AS). 
- Ingjarl Skarvøy (COO): 300,000 options. Following the grant, he holds a total of 1,050,000 options (shareholding: 1,800,150 shares privately and through Terra Mare AS). 
- Kamilla Mordal Holo (CPO): 300,000 options. Following the grant, she holds a total of 1,050,000 options (shareholding: 160,060 shares through C10 Holding AS). 
- Odd Frode Roaldsnes (COO): 300,000 options. Following the grant, he holds a total of 1,050,000 options (shareholding: 275,000 shares through Anno Invest AS). 
- Henriette Nordstrand (Technical Director): 150,000 options. Following the grant, she holds a total of 275,000 options (shareholding: 50,000 shares through Heno Holding AS).
- Tore-Jakob Reite (Director Strategic project): 100,000 options. Following the grant, he holds a total of 225,000 options (shareholding: 1,250 shares).
- Hans Petter Mortveit (Finance Manager): 70,000 options. Following the grant, he holds a total of 140,000 options (shareholding: 110,152 shares).

Please see attached primary insider notification forms in accordance with the Market Abuse Regulation article 19.

The options vest annually with 1/3 over the next 3 years. Subject to the vesting periods, the options may be exercised at any time, but no later than the fifth anniversary of the grant date.

Following the grant of these options, the total number of options outstanding is 10,940,000, including options granted under the Company’s previous long-term incentive program for executive management and key employees.

This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

ABOUT

About Salmon Evolution

Salmon Evolution is the global leader within land-based salmon farming with a clear roadmap for 100,000 tonnes HOG annual production capacity. Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending the Ocean Potential by creating optimal growth conditions in a controlled environment on land. This approach, capturing the benefits of both land-based and sea-based farming, puts biology first and limits operational and biological risk.

Salmon Evolution is strategically located the heart of the global aquaculture industry on the west coast of Norway, where the Company has its first facility and global centre of excellence fully operational at industrial scale. Enabled by the proof of concept in Norway, Salmon Evolution targets significant international expansion.

Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more, please visit www.salmonevolution.no

CONTACT

For further information, please contact:

Trond Vadset Veibust
CFO, Salmon Evolution
+47 480 90 595