23.2.2024 14:00:00 CET | Måsøval AS | Non-regulatory press releases

Måsøval Group did a strategic review of the group's total harvesting capacities
and concluded late in 2023 to search for new owners of the harvesting company in
Vartdal . It is a pleasure to announce a sales agreement has been agreed with
the leading Norwegian cod farmer ODE AS. ODE is a fully integrated codfarmer and
is planning to develop the company further and creating employment and activity
in the region. The transaction will be concluded during February, where Western
Seaproducts AS will become a fully owned subsidiary in the ODE group and ODE
will continue operating the facility as a primary processing facility for cod
while planning to develop secondary processing capacity for cod and byproducts.

CONTACTS

 * Anders Hagestande, CFO, Måsøval AS, +47 415 82 138,
   anders.hagestande@masoval.no 
 * Helge Kvalvik, CEO, Måsøval AS, +47 979 79 772, helge.kvalvik@masoval.no 

ABOUT MÅSØVAL AS

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of
operational experience. Located in Central Norway in the region west of
Trondheim, Måsøval has both significant farming operations at sea and inhouse
smolt production. Through its majority ownership in the processing and
distribution company Pure Norwegian Seafood AS, Måsøval is processing and
exporting high quality Atlantic salmon to a global marketplace.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847731/2933/4111/Download%20announcement
%20as%20PDF.pdf