NOT  FOR RELEASE, PUBLICATION OR  DISTRIBUTION, IN WHOLE OR  IN PART DIRECTLY OR
INDIRECTLY,  IN AUSTRALIA, CANADA, JAPAN, HONG KONG  OR THE UNITED STATES OR ANY
OTHER  JURISDICTION IN WHICH  THE RELEASE, PUBLICATION  OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR PURCHASE ANY
OF THE SECURITIES DESCRIBED HEREIN.

This is a copy of the announcement from SalMar ASA at 17:19 today 

SalMar's  announced voluntary  cash offer  to acquire  all outstanding shares in
Norway Royal Salmon will not be launched

Frøya, 26 August 2021

Reference  is made  to the  stock exchange  announcement dated 20 August 2021 in
which  SalMar ASA  ("SalMar") announced  its intention  to make a voluntary cash
offer  to acquire all outstanding  shares in Norway Royal  Salmon ASA ("NRS", or
the  "Company")  for  NOK  270 per  share  (the  "Offer").  In  a stock exchange
announcement  by  the  Company  on  26 August  2021, it  was stated that NTS ASA
("NTS")  has received acceptances  for its mandatory  offer which will result in
NTS becoming the owner of more than 50% of the shares in NRS.

The  Offer by SalMar  was conditional upon  SalMar receiving acceptances for, or
otherwise becoming the owner of, shares in NRS representing more than 50% of the
shares  in NRS. As this condition will  not be satisfied, SalMar will not launch
the Offer.

SalMar  regrets  that  the  Offer,  which  was  at a significant premium to NTS'
mandatory  offer and  in SalMar's  opinion represented  a fair valuation of NRS,
will  not be made to  the shareholders of NRS,  and also that the synergies that
could be achieved through a combination of NRS and SalMar will not be realised.

For further information, please contact:
Håkon Husby, Head of investor relations
hakon.husby@salmar.no (mailto:hakon.husby@salmar.no), +47 936 30 449

This  information  is  considered  to  be  inside information pursuant to the EU
Market  Abuse Regulation and is subject  to the disclosure requirements pursuant
to  section 5-12 of  the Norwegian  Securities Trading  Act. This stock exchange
announcement  was published by Håkon Husby, Head of Investor Relations at SalMar
ASA, on [?] August 2021 at [?] CEST.

About SalMar
SalMar is one of the world's largest and most efficient producers of farmed
salmon. The Group has farming operations in Central Norway, Northern Norway and
Iceland, as well as substantial harvesting and secondary processing operations
in  Norway, at InnovaMar in Frøya and  Vikenco in Aukra. SalMar also owns 50% of
the shares in Scottish Sea Farms Ltd.

See www.salmar.no (http://www.salmar.no) for more information about SalMar.

Important information:
The release is not for publication or distribution, in whole or in part directly
or  indirectly,  in  or  into  Australia,  Canada,  Japan  or  the United States
(including  its territories and possessions, any  state of the United States and
the  District of Columbia).  This release is  an announcement issued pursuant to
legal  information obligations,  and is  subject of  the disclosure requirements
pursuant  to section 5-12 of the Norwegian  Securities Trading Act. It is issued
for information purposes only, and does not constitute or form part of any offer
to  sell  or  purchase,  or  solicitation  to  purchase  or  subscribe  for  any
securities,  in the United  States or in  any other jurisdiction. The securities
mentioned  herein have not  been, and will  not be, registered  under the United
States  Securities  Act  of  1933, as  amended  (the  "US  Securities Act"). The
securities may not be offered or sold in the United States except pursuant to an
exemption  from  the  registration  requirements  of  the US Securities Act. The
Offeror  does  not  intend  to  register  any  portion  of  the  offering of the
securities  in  the  United  States  or  to  conduct  a  public  offering of the
securities  in the United States. Copies of this announcement are not being made
and  may not be distributed or sent  into Australia, Canada, Japan or the United
States.  The Offer,  if made,  will be  subject to  specific legal or regulatory
restrictions  in  certain  jurisdictions.  Neither  the  Company  nor any of its
advisers  assume any  responsibility in  the event  there is  a violation by any
person  of such  restrictions. The  distribution of  this release may in certain
jurisdictions  be restricted by law. Persons  into whose possession this release
comes  should inform  themselves about  and observe  any such  restrictions. Any
failure  to comply  with these  restrictions may  constitute a  violation of the
securities  laws of  any such  jurisdiction. No  adviser of  the Company  or the
Offeror is acting for anyone else than the Company or the Offeror, respectively,
and  will  not  be  responsible  to  anyone  other than such party providing the
protections  afforded to  their respective  clients or  for providing  advice in
relation to any other matter referred to in this release.

Forward-looking statements:
This  release and any materials distributed  in connection with this release may
contain  certain  forward-looking  statements.  By their nature, forward-looking
statements   involve   risk   and   uncertainty  because  they  reflect  current
expectations  and assumptions as to future events and circumstances that may not
prove  accurate. A  number of  material factors  could cause  actual results and
developments  to  differ  materially  from  those  expressed or implied by these
forward-looking statements.