Nordic Halibut AS - Intra-group merger between Nordic Halibut and Thule Marine AS

Averøy, Norway, 10 September 2026

Reference is made to the stock exchange announcement made by Nordic Halibut AS
(the "Company" or "Nordic Halibut") on 23 June 2026 regarding completion of the
Company's acquisition of 100% of the shares in Thule Marine AS ("Thule Marine")
and Gulbygget AS.

Nordic Halibut and Thule Marine have entered into a merger plan (the "Merger
Plan") for a simplified parent-subsidiary merger of Thule Marine into Nordic
Halibut (the "Merger"), to be carried out pursuant to section 13-23 of the
Norwegian Private Limited Liability Companies Act (the "NPLCA").

Pursuant to the Merger Plan, all assets, rights and obligations of Thule Marine
will be transferred to Nordic Halibut without any consideration, and Thule
Marine will be dissolved. Completion is expected during Q4 2026, subject to
expiry of the statutory creditor notice period and the other conditions set out
in the Merger Plan. 

The purpose of the Merger is to simplify and streamline the group structure.
Prior to the Merger, a separate intra-group merger between Thule Marine (as the
acquiring company) and its wholly-owned subsidiary Tjeldbergodden Rensefisk AS
will be completed.

The latest annual accounts, annual reports and auditors' reports for Nordic
Halibut are available to shareholders on the Company's website. The latest
annual accounts, annual reports and auditors' reports for Thule Marine are
available to shareholders at the offices of Nordic Halibut. Each shareholder may
request that the documents are submitted to him/her free of charge.

The Merger Plan is attached to this announcement and will be sent to Nordic
Halibut's shareholders electronically through the VPS and made available on the
Company's website, in accordance with section 13-23 (2) no. 3 of the NPLCA.

For further information, please contact:

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

or

CFO Are Strand
are.strand@nordichalibut.no
+47 915 39 232

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 10,350 tonnes HOG within 2031.
Nordic Halibut will create shareholder value by pursuing value accretive organic
growth through increased production.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and the Euronext Growth Oslo Rule
Book Part II. 
ecurities Trading Act and the Euronext Growth Oslo Rule\
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