Norcod, the leading pioneer in cod farming, has appointed Arve Olav Lervåg as
Production Director, effective 1 December 2024. Lervåg will succeed Tsjipke
Deuzeman, who will join the fresh-water aquaculture company Svåholmen AS as
General Manager starting 1 January 2025.

Arve Olav Lervåg has worked in aquaculture for 27 years, most recently as
Executive Director of Aquaculture at Norway Royal Salmon (NRS). Prior to his
role at NRS, he spent 10 years at Lerøy, where he held positions as Production
Coordinator and Production Manager. Lervåg holds a degree from Molde University
College, where he studied aquaculture and economics.

"We are delighted to have secured the services of such an experienced
aquaculture professional. Lervåg brings with him extensive and valuable
expertise from salmon farming, and I am confident that his experience in
commercial operations, along with his leadership qualities, will be a great
asset to Norcod," says Christian Riber, CEO of Norcod.

"As the pioneer and market leader, Norcod is well positioned to capitalize on
the strong market conditions for farmed cod. I look forward to taking on the
role of Production Director, optimizing and structuring the company's
production, and contributing to Norcod's growth ambitions," says Lervåg.

For further information, please contact:
Christian Riber, CEO, phone: +47 905 37 990, e-mail: cr@norcod.no
Chris Guldberg, CCO, phone: +47 92 81 07 07, e-mail: cg@norcod.no

About Norcod
Norcod AS' core business is commercial sea farming of cod. Norcod's existing
fish farms are located in Mid-Norway with ideal conditions for cod. The company
contributes to blue ocean value creation with minimal impact on the environment
while supporting local communities. Norcod is listed on Oslo's Euronext Growth
market.