Reference is made to the stock exchange announcement on 19 April 2023 by Salmon Evolution ASA (“Salmon Evolution” or the “Company”) where it was notified that, inter alia, Ronja Capital II AS (“Ronja”) had lent out 16,318,598 of its existing shares under a share lending agreement between DNB Markets, a part of DNB Bank ASA (on behalf of the Managers for the Private Placement), Ronja, and the Company to facilitate DVP settlement of tranche 2 in the Private Placement.

These shares were redelivered to Ronja today. Ronja now has a shareholding of 29,990,645 shares and votes in the Company, equaling 7.25% of the currently issued 413,936,640 shares and votes in the Company. This represents an increase from 3.2% prior to redelivery, and Ronja thereby passes the 5% threshold in the Norwegian Securities Trading Act section 4-2.

Please find attached Primary insider notifications pursuant to the Market Abuse Regulation article 19.

This information is subject to the disclosure requirements pursuant to sections 4-2 and 5-12 of the Norwegian Securities Trading Act.

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

For further information, please contact:

Trond Håkon Schaug-Pettersen, CEO: +47 911 91 327