Sistranda, 24 November 2021

Ice Fish Farm AS has today, 24 November 2021, decided to accelerate slaughtering
of salmon. The fish has already reached harvesting weight and there is currently
low mortality. The decision was made to reduce the risk of substantial loss in
the future from winter wound. This will change slaughter outlook for Q4 2021 in
the way that additional 1,400 tons will be harvested and outlook for the year
2022 will be reduced by 1,000 tons.

This information has been published by Guðmundur Gíslason, CEO, and is subject
to the disclosure requirements in section 5-12 of the Norwegian Securities
Trading Act.