Last day of the offer period in the offer made by Israel Corp. to purchase
shares in AKVA Group ASA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, HONG
KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD
BE UNLAWFUL

Reference is made to the announcement made by AKVA Group ASA ("AKVA" or the
"Company") on 29 September 2021 regarding the approximate 15 % stake investment
in the Company by Israel Corp., comprising of a private placement of new shares
and purchases of minimum 2,166,730 existing shares in the Company, each at a
price of NOK 96.50 per share (the "Offer"). The maximum number of shares
acquired by Israel Corp. will be determined by Israel Corp. at its sole
discretion following expiry of the offer period in the Offer, provided however
that Israel Corp.'s aggregate holding of shares in AKVA upon completion of the
Offer and the private placement of new shares shall not exceed 19.99%.

The acceptance period in the Offer expires today at 16:30 hours (CEST).
Shareholders that want to accept the Offer, and have not already done so, must
fill out and return the acceptance form included in the Offer terms and
conditions which are, subject to regulatory restrictions in certain
jurisdictions, made available on www.dnb.no/emisjoner and on AKVA's website, by
16:30 hours (CEST) today, 13 October 2021.

Dated: 13 October 2021
AKVA group ASA
Web: www.akvagroup.com

***
This information is subject to the disclosure requirements according to section
5-12 of the Norwegian Securities Trading Act.

The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions.
When published, the Offer terms and conditions and related acceptance forms will
not and may not be distributed, forwarded or transmitted into or within any
jurisdiction where prohibited by applicable law, including, without limitation,
Canada, Australia, New Zealand, South Africa, Hong Kong and Japan. Israel Corp.
does not assume any responsibility in the event there is a violation by any
person of such restrictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

This announcement is not a tender offer document and, as such, does not
constitute an offer or the solicitation of an offer to acquire shares in AKVA
Group ASA. Investors may accept the Offer only on the basis of the information
provided in the Offer terms and conditions. The Offer is not made directly or
indirectly in any jurisdiction where either an Offer or participation therein is
prohibited by applicable law or where any tender offer document or registration
or other requirements would apply.