Reference is made to the stock exchange notice published by the Ice Fish Farm AS
(the "Company") on 23 May 2022 regarding the notice of the extraordinary general
meeting to approve the issue of shares to Laxar eignarhaldsfélag ehf. ("Laxar")
in connection with the closing of the acquisition of Laxar. The Extraordinary
General Meeting of the Company was held today, on 30 May 2022, with
approximately 68.83% of all shares entitled to vote present, either in person,
with advance votes or by proxy. 

The resolution to issue 37,525,424 new consideration shares to the shareholders
of Laxar was unanimously approved at the general meeting. The subscription price
was NOK 36.1999997388437 per share of which NOK 0.1 is share capital and NOK
36.0999997388437 is share premium/other paid-in equity. The total subscription
amount is NOK 1,358,420,339 of which NOK 3,752,542.4 is share capital and NOK
1,354,667,796.6 is share premium/other paid-in equity. The share capital
contribution was settled by way of set-off of the receivable of NOK
1,358,420,339 which Laxar has against the Company. 

Following registration of the share capital increase, the Company's share
capital will be NOK 9,152,542.40, divided into 91,525,424 shares, each with a
nominal value of NOK 0.1. The share capital increase will be duly registered in
the Norwegian Register of Business Enterprises.

A copy of the minutes is attached. 

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

For further information, please contact: 
Guðmundur Gíslason, CEO + 354 89 60 426