Averøy, Norway, 29 June 2023

With reference to the stock exchange announcement of 15 December 2021.

Nordic Halibut AS ("NOHAL" or "the Company") is pleased to announce that the
first NOK 50 million tranche of the uncommitted options included in the
overdraft facility agreement with Sparebank 1 SR-Bank has now been released. The
release is triggered by a growing biomass and the biological performance of the
Company. The released option represents an increase of NOK 50 million from the
current overdraft facility of NOK 100 million to a new total overdraft facility
of NOK 150 million.

The expanded overdraft facility will further enhance NOHAL's available liquidity
and will be utilized to finance the planned growth in biomass. Further options
are expected to be released in tranches aligned with the planned growth in
biomass towards 4 500 tonnes HOG in 2026.

- We are pleased to release the first performance-linked tranche of our
overdraft facility agreement and secure flexibility and financial capacity to
execute on the growth plan.  With our strong operational performance and
stepwise realization of our growth plan, we have full confidence in our ability
to unlock the potential of producing sustainable superfood on an industrial
scale, says CEO Edvard Henden.


For more information, please contact: 

CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165

Or
 
CFO Kenneth Meyer
kenneth.meyer@nordichalibut.no
+47 452 12 424


About Nordic Halibut AS: 
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4.500 tonnes HOG within 2026
and 9.000 tonnes HOG within 2030. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.