18 June 2024: Reference is made to the stock exchange notice by Salmon Evolution ASA (the “Company”) on 18 June 2024 regarding the successfully placed private placement of 48,666,666 new shares (the “Offer Shares”) in the Company at a subscription price of NOK 7.50 per share (the “Offer Price”), raising gross proceeds of approximately NOK 365 million (the “Private Placement”).

The following primary insiders (PDMRs) in the Company and close associates of PDMRs were allocated Offer Shares in the Private Placement at the Offer Price as follows:

- Ronja Capital AS, a company closely associated with Tore Tønseth, Chair of the board of the Company, was allocated 2,266,666 Offer Shares;
- Bondø Invest AS, a company closely associated with Vibecke Bondø, board member of the Company, was allocated 2,666,666 Offer Shares;
- Dongwon Industries, a company closely associated with Eunhong Min, board member of the Company, was allocated 1,888,266 Offer Shares;
- Stette Invest AS, a company closely associated with Peder Stette, board member of the Company, was allocated 666,666 Offer Shares;
- Jawendel AS, a company closely associated with Jan-Emil Johannessen, board member of the Company, was allocated 133,333 Offer Shares;
- Troha Invest AS, a company closely associated with Trond Håkon Schaug-Pettersen, CEO of the Company, was allocated 100,000 Offer Shares;
- Trollkyrkja AS, a company closely associated with Trond Vadset Veibust, CFO of the Company, was allocated 35,000 Offer Shares; and
- Anno Invest AS, a company closely associated with Odd Frode Roaldsnes, CCO of the Company, was allocated 25,000 Offer Shares.

Please find the PDMR notifications pursuant to the Market Abuse Regulation article 19 attached to this announcement.

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 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 further information, please contact:

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

Trond Vadset Veibust, CFO: +47 480 90 595