Reference is made to the stock exchange announcements by Salmon Evolution ASA ("Salmon Evolution" or the "Company") published on 5 April 2022 regarding a mandatory notification of trade pertaining to share subscriptions and a share loan granted by primary insiders in the Company in relation to the successfully placed private placement of 33,333,333 new ordinary shares in the Company, raising gross proceeds of approximately NOK 300 million (the "Private Placement"). The Private Placement consists of one tranche of 22,574,374 shares ("Tranche 1") and a second tranche of 10,758,959 shares ("Tranche 2").

The shares allocated in Tranche 1 has been re-delivered to the share lenders. The number of shares actually lent from each of Stette Invest AS and Rofisk AS was 3,247,823 (and not 3,322,822 and 3,322,821, respectively as indicated in the previous mandatory notification of trade), all of which has been re-delivered.  16,078,728 shares have been redelivered to Ronja Invest II AS, with the balance remaining subject to the approval by the extraordinary general meeting of the issuance of the shares allocated in Tranche 2, expected on 2 May 2022.

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

ABOUT

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 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 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 chosen 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 Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act section 5-12.

CONTACT

For more information, please contact:

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