Frøya, July 11 2023

Frøy has signed a 5-year time-charter contract for the wellboat Frøy Saga with a
leading Norwegian salmon farmer. The vessel is currently under construction and
is expected to be delivered during autumn 2024. 

Frøy Saga is a sister vessel of the newbuild Gåsø Odin that was delivered in
April this year.  The vessel is designed for optimal fish welfare, meeting both
the current and expected future requirements for fish welfare in terms of
circulation, oxygenation, filtration and UV. The vessel will also have
underpressure grading with extraction of all types of cleaning fish, and clean
and smooth well surfaces that optimize the hygiene results of the automatic
washing system. The vessel will be equipped with a diesel electric propulsion
system and battery package to reduce the fuel consumption and carbon footprint.

Head of wellboats in Frøy, Andreas Moe comments: "We are proud to announce this
new contract for Frøy Saga with an important long-term client of Frøy. The
agreement reflects the client's confidence in our ability to deliver industry
leading operations and fish welfare solutions. We look forward to continue
growing the Frøy service offering and to continue adding value to our clients
operations."

For further information, please contact: 

Tonje Foss, CEO +47 996 10 116 
Sondre Vevstad, CFO +47 936 54 555 

About Frøy: Frøy is a leading integrated provider of aqua services to Norwegian
salmon farmers. With a team of more than 900 aqua service specialists and a
modern fleet of 80 vessels, Frøy offers a wide range of infrastructure services
to salmon farmers. The service offering includes transport of fish, sorting,
counting, cleaning of nets, treatment for diseases and lice, inspection,
installation, and maintenance of salmon farming sites.