Reference is made to the stock exchange announcements by Salmon Evolution ASA ("Salmon Evolution" or the "Company") on 18 June 2024, regarding the successful private placement of approximately NOK 365 million and increase in bank facilities with NOK 675 million.

The Company has taken the final investment decision for Indre Harøy phase 2 and has accordingly signed an agreement with Artec Aqua and Hent, in which the phase 2 grow-out project moves into the construction phase. Mobilization will commence shortly, with planned construction start during Q3 2024. In parallel the Company is proceeding with the planning and engineering for the additional tank capacity. As previously communicated no final decisions or agreements are entered into for this part of the phase 2 project.

“We are now creating a foundation for substantial profitable growth, and with phase 2 in full operation we will have a strong cash-flow generating platform with significant annual investment capacity”, CEO of Salmon Evolution ASA, Trond Håkon Schaug-Pettersen said.