BIOFISH HOLDING AS: Final results of Subsequent 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: Final results of Subsequent Offering


Reference is made to the stock exchange notice from BioFish Holding AS
("BioFish" or the "Company") on 15 February 2023 regarding the launch of a
subsequent offering of up to 15,000,000 new shares (the "Offer Shares") in the
Company (the "Subsequent Offering") at a subscription price of NOK 1 per share
(the "Offer Price").

The subscription period for the Subsequent Offering ended yesterday, on 28
February 2023 at 16:30 CET. By the end of the subscription period, the Company
had received valid subscriptions for 18,565,568 Offer Shares in the Subsequent
Offering. The board of the Company has today resolved that a total of 15,000,000
Offer Shares will be allocated at the Offer Price in accordance with the
allocation criteria set out in registration prospectus, raising gross proceeds
of NOK 15,000,000.

Notifications of allocated Offer Shares in the Subsequent Offering and the
corresponding amount to be paid by each subscriber will be sent out in a
separate letter to each subscriber. Investors 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.

Fearnley Securities AS is acting as manager for the Subsequent Offering (the
"Manager"). Advokatfirmaet Haavind AS is acting as legal counsel to BioFish.


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.