Norcod has been granted permission to establish a new production location in
Meløy municipality with a total MAB (maximum allowed biomass) of 3,599 metric
tonnes. Snyen is the company's second location in Meløy and, together with
Frosvika,forms a production cluster with a total capacity of 7,198 metric tonnes
MAB.

"We are pleased to have received this approval and value the good cooperation
with Meløy municipality and Nordland County. The new site Snyen is well suited
for cod farming with good water depth, water temperature and currents. I am
confident that our fish will thrive here," says Norcod's CEO, Christian Riber. 

"This new site is a key step in our scale-up plan to achieve an annual harvest o
f 25,000 tonnes of WFE by 2030. We are committed to responsible farming
practices and ensuring sustainable operations with minimal environmental impact,
while also supporting local communities and creating employment opportunities."

Norcod expects to establish and stock the new Snyen site during 2026.     


CONTACT
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail:
cr@norcod.no
Arve Olav Lervåg, Production Director, phone: + 47 468 38 000, E-mail:
aol@norcod.no 

ABOUT NORCOD:
Norcod's core business is commercial sea farming of cod through ownership and
partnerships is involved in the entire value chain. Norcod's existing fish farms
are located in Mid-Norway and along the Helgeland coast with ideal conditions
for cod. The company is contributing to blue ocean value creation with minimal
impact on the environment while supporting local communities. Norcod is listed
on Oslo's Euronext Growth market.