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Salmon Evolution ASA: New share capital registered

Reference is made to the stock exchange announcement by Salmon Evolution ASA (“Salmon Evolution” or the “Company”) published on 12 October 2021 regarding a private placement of 5,541,374 new shares (the “Issue Shares”) towards Cargill.

The share capital increase related to the Issue Shares has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 15,539,824.45, divided into 310,796,489 shares, each with a nominal value of NOK 0.05.

 

For more information, please contact:

Trond Håkon Schaug-Pettersen, CFO (+47 911 91 327)

 

About Salmon Evolution

Salmon Evolution is a Norwegian land-based salmon farming company focused on extending the ocean’s potential by transferring the best preconditions offered by the sea to farm fish on land through its hybrid flow-through system technology (HFS). This secures a truly sustainable production process with controlled and optimal growth conditions and limiting operational and biological risk.

The Company’s first production facility is under construction at Indre Harøy, strategically located on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure for salmon farming, and an educated and experienced work force. The entire project is designed for an annual capacity of approx. 31,500 tonnes HOG.

The Company has also entered into a joint venture with Dongwon Industries where the parties will develop, construct and operate a land-based salmon farming facility in South Korea with an annual production capacity of 16,800 tonnes HOG, using Salmon Evolution’s HFS technology.

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

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.