Globally, there are between 100 and 200 companies planning annual production of up to 2.3 million
tons of salmon on land, of which about half is planned in Norway. This will almost double the current
total production in the sea of about 2.7 million tons and require large amounts of energy. The
solution being evaluated by Rock Energy means that energy can be produced locally and will reduce
the burden on both existing and new establishments of infrastructure for energy deliveries.

Rock Energy AS specializes in the utilization of deep geothermal energy and possesses knowledge,
patents, as well as well and geotechnology that make it possible to utilize geothermal energy in an
efficient, industrial and sustainable way in the aquaculture industry, regardless of location and access
to power grids and infrastructure along Norwegian fjords.

"Our technology will be utilized for a new, holistic and unique energy concept. The solution is based
on offering the aquaculture industry energy, in the form of heat and electric power production",
says Lars Due, COO of Rock Energy.

Rock Energy is evaluating to install a number of facilities that are owned and operated through
various SPV companies (single purpose vehicles) where players in the aquaculture industry will also
have the opportunity to become co-owners. Each individual SPV will sell capacity and energy supply
to the aquaculture industry.

The information was submitted, through the agency of the below contact person, for publication on 28 December 2021, 13:00 CET.