BIOFISH HOLDING AS: Completed Employee Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.


BIOFISH HOLDING AS: Completed Employee Offering

Reference is made to the stock exchange notice from BioFish Holding AS
("BioFish" or the "Company") on 12 January 2023 regarding a contemplated private
placement and various other share offerings, including an employee offering of
up to 2,000,000 new shares (the "Offer Shares") in the Company (the "Employee
Offering") at a subscription price of NOK 1 per share (the "Offer Price"). 

The subscription period for the Employee Offering ended on 28 February 2023 at
16:30 CET. By the end of the subscription period, the Company had received valid
subscriptions for 2,110,000 Offer Shares in the Employee Offering. The board of
the Company has resolved that a total of 2,000,000 Offer Shares will be
allocated at the Offer Price, raising gross proceeds of NOK 2,000,000.

Notifications of allocated Offer Shares in the Employee Offering and the
corresponding amount to be paid by each subscriber will be sent out in a
separate letter to each subscriber. Employees that are allocated Offer Shares
can access information to the number of Offer Shares allocated through VPS on 2
March 2023. The due date for payment of the Offer Shares is on 3 March 2023.

Subject to duly and timely payment of the Offer Shares by the subscribers, the
share capital increase pertaining to the Offer Shares is expected to be
registered in the Norwegian Register of Business Enterprises on or about 6 March
2023 and will be delivered to the VPS accounts of the subscribers shortly
thereafter. The Offer Shares will have equal rights and rank pari passu with the
Company's other shares.

Following registration of the share capital increase pertaining to the issuance
of the allocated Offer Shares with the Norwegian Register of Business
Enterprises (Nw. Foretaksregisteret), the the Company's registered share capital
will be NOK 87,900,000 divided into 87,900,000 shares, each with a nominal value
of NOK 1.


For further information, please contact: 

Torbjørn Skulstad, CEO
+47 483 81 546



About Biofish: 
Biofish is a land-based producer of smolt - juvenile fish destined for
aquaculture facilities. The company's production takes place in its production
facilitiy in Kvam on the Norwegian west coast, using a Recirulating Aquaculture
System (RAS), which recycles at least 99% of the water used. Biofish deliver
smolt to salmon farms along the Norwegian coast.