19.1.2024 13:30:01 CET | Måsøval AS | Inside information

Reference is made to the stock exchange announcement published by Måsøval AS
(the "Company") on 10 September 2023 regarding a possible internal
reorganization where a joint plan for demerger and triangular merger was adopted
by the board of directors of the Company and the Company's subsidiaries Måsøval
Drift AS (formerly Aqua Farms Vartdal AS), Måsøval Lisens AS (formerly Pure
Farming AS), Måsøval Hjelpeselskap Drift AS and Måsøval Hjelpeselskap Lisens AS
(the "Internal Reorganization"). Reference is also made to the stock exchange
announcement published by the Company on 25 September 2023 regarding the
approval of the Internal Reorganization by the Company's extraordinary general
meeting.

A condition for completion of the Internal Reorganization is that the Company
receives a binding advance tax ruling ("BFU") from the tax authorities
confirming that both the Internal Reorganization can be completed with tax
continuity. Today, the Company has received a BFU where the tax authorities
conclude that the outlined deduction of assets acquired in 2023 means that the
Internal Reorganization cannot be carried out with tax continuity. The deduction
has limited value for the Company, and therefore the Company will request a new
binding advance ruling from the tax authorities, seeking clarification on
whether the waiver of the deduction of assets acquired in 2023 allows for the
Internal Reorganization will allow the demerger to be carried out with tax
continuity. Subject to such confirmation from the tax authorities, the Internal
Reorganization will then be implemented.

For more information, please contact:

Helge Kvalvik, CEO, + 47 97 97 97 72, email: helge.kvalvik@masoval.no

Anders Hagestande, CFO, +47 415 82 138, email: anders.hagestande@masoval.no

This stock exchange release contains inside information as defined in the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Securities Trading Act.

The stock exchange release was published by Berit Fossan, Group Controller, on
19 January 2024 at 13:30 (CET).

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/17847731/2863/3982/Download%20announcement
%20as%20PDF.pdf