The following close associates of primary insiders were allocated Offer Shares
in the Private Placement completed on 29 February March 2024. 

Artha Norcod VI A/S (close associate of primary insider and Board Member Jan
Severin Sølbæk) was allocated 6 333 333 Offer Shares and will upon issuance of
these shares own 11 838 834 shares in the Company.

Sirena Group AS (close associate of primary insider and board members Peter Buhl
and Boe Spurre) was allocated 833 333 Offer Shares and will upon issuance of
these shares own 4 189 374 shares in the Company.

The required primary insider notification forms are attached to this message. 

About Norcod: Norcod AS' core business is commercial sea farming of cod but
through ownership and partnerships is involved in the entire value chain.
Norcod's existing fish farms are located in Mid-Norway 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.

This information is subject to disclosure under the Norwegian Securities Act
section §5-12.