AKVA group ASA ("AKVA group" or the "Company") has decided to initiate a share
buyback programme for up to 200,000 shares. The buyback programme will be
conducted by market purchases in accordance with the authorization granted to
the board of directors by the annual general meeting on 7 May 2020. Buyback
transactions will be executed according to the market price on the Oslo Stock
Exchange, and the maximum consideration to be paid per share under the program
is NOK 150.

The programme will be initiated today and terminated on 31 March 2021 at the
latest. AKVA group may at any time without further notice close or suspend the
programme.

Shares purchased under the programme will be used for the Company's share-based
incentive scheme for the Company's senior management.

The maximum number of shares which may be purchased in any one day is limited to
50% of the average daily volume of AKVA group shares traded in the 20 trading
days preceding the day of purchase.

The share buyback programme is managed by and will be executed by Sparebank 1
Markets AS on behalf of AKVA group.

Dated: 29 September 2020
AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

  Knut Nesse   Chief Executive Officer

  Phone:       +47 51 77 85 00

  Mobile:      +47 91 37 62 20

  E-mail:      knesse@akvagroup.com


  Ronny Meinkøhn   Chief Financial Officer

  Phone:           +47 51 77 85 00

  Mobile:          +47 98 20 67 76

  E-mail:          rmeinkohn@akvagroup.com

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act