Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) is pleased to share a significant achievement towards responsible and sustainable salmon production with the Indre Harøy grow-out facility earning the prestigious Aquaculture Stewardship Council («ASC») certification after only 18 months in operation. ASC is globally renowned for its stringent aquaculture standards focused on environmental sustainability and social responsibility.

“Our ASC certification is a testament to the hard work and dedication of our team at Salmon Evolution. We are immensely proud of this achievement, which reaffirms our commitment to sustainability, innovation, and production of premium quality salmon,” said Trond Håkon Schaug-Pettersen, CEO of Salmon Evolution.

Salmon Evolution is currently on the verge of significantly increasing its harvest volumes. The ASC certification plays an important part of the Company’s commercial strategy, both in terms of market access and to support strong price realization.

For further information, contact:

Trond Håkon Schaug-Pettersen  

CEO, Salmon Evolution                                

+47 911 91 327                

Trond Vadset Veibust

CFO, Salmon Evolution                                

+47 480 90 595                

ABOUT

About Salmon Evolution

Salmon Evolution is a Norwegian land-based salmon farming company targeting a production capacity of 100,000 tonnes HOG by 2032. The Company's core focus is on extending the ocean's potential by transferring the best preconditions offered by the sea to farm fish on land through its chosen 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 strategically located at Indre Harøy on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure, and an educated and experienced work force. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 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 chosen HFS technology.

Furthermore, Salmon Evolution has initiated a process with the aim of establishing a land-based salmon farming operation in North America.

Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME.

To learn more, please visit www.salmonevolution.no

CONTACT