26.2.2021 08:42:42 CET | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon has successfully installed the time-critical sections of the
water outlet pipeline for the company's first pool, meaning that the most
central building-blocks of its flow-through system are now connected to the
surrounding ocean at Andøya.

The water inlet pipeline, which is the main artery to the first salmon farming
pool, was connected to the pool in mid-January.

"We are very pleased that the two most weather-dependent and time-critical
installations have been completed. These installations bring us a major step
closer towards function testing of the first pool, which will help further
de-risk our build-out at Kvalnes and our technology solution in general," says
Martin Rasmussen, CEO of Andfjord Salmon?.

Some electrical and automation installations as well as installation of less
time-critical pipeline connections remain before the first pool is ready for
water testing.

The company's flow-through technology, utilizing fresh seawater from the
surrounding Andfjorden, is a key enabler towards reaching Andfjord Salmon's
objective of building the world's most fish-friendly and sustainable fish farm
on land.

Andfjord Salmon has developed a flow-through system that will provide unique
conditions for salmon farming on land. Without the use of energy, the pools fill
themselves with seawater from a water depth of 160 meters. Organic biomass will
be captured and recycled into growth products for agriculture.

ENDS

CONTACTS

 * Bjarne Martinsen, CFO, Andfjord Salmon AS, +4797508345,
   bjarne.martinsen@andfjord.no 
 * Martin Rasmussen, CEO, +47 975 08 665, +47 975 08 665, martin@andfjord.no 

ABOUT ANDFJORD SALMON

Andfjord Salmon has developed an innovative and sustainable aquaculture concept
for shore-based farming of Atlantic salmon. The company's ambition is to build
the world's most sustainable aquaculture facility of its kind. The facility is
escape-proof, lice-free and its highly filtered effluent avoids polluting marine
life.

Located at Kvalnes on the island of Andøya on the Arctic archipelago of
Vesterålen, Norway, the company's first facility is currently under
construction. The company holds a license for 10,000 tonnes maximum allowed
biomass (MAB) for land-based farming of Atlantic salmon and has secured rights
to land for a potential expansion of an additional 60,000 tonnes MAB production
capacity. Further expansion is subject to the zoning of the land and granting of
licenses.

Andfjord Salmon AS is listed on Euronext Growth under the ticker ANDF. 
www.andfjordsalmon.com [http://www.andfjordsalmon.com]