Bergen, Norway/Yokohama, Japan 23 December 2025. Reference is made to the stock
exchange announcement by Proximar Seafood AS ("Proximar" or the "Company") on 14
November 2025 regarding the Company's third quarter 2025 results. As
communicated in the Q3 2025 report, Proximar has been working to secure working
capital requirements following the updated harvesting plan.

The Company is pleased to announce that the JPY 750 million (~NOK 50 million)
loan from JA Mitsui Leasing (JAML) with due date 30 December 2025 today has been
extended. In addition, the loan has been increased by an additional JPY 750
million (~NOK 50 million). The new maturity date for the loan of JPY 1,500
million (~NOK 100 million) is set to 24 December 2026. Grieg Kapital AS remains
as guarantor towards JAML, and an amended and restated guarantee agreement has
been entered into to reflect the new extended and increased facility. 
 

For further information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
Ole Chr. Willumsen, CFO, +47 48 21 34 29, ocw@proximar.com

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility and production at the foot of Mount Fuji in Japan. The
company inserted its first batch of eggs in October 2022 and carried out its
first harvest on 30 September 2024. Proximar's brand and logo (Fuji Atlantic
Salmon) were officially launched in October 2024 at our partner Marubeni
Corporation's head quarter in Tokyo. Through land-based salmon farming, using
high-quality groundwater secured close to Mount Fuji, the company produces fresh
Atlantic Salmon, harvested the same day. Proximar's location, near one of the
world's most important fish markets, implies significant advantages, both in
terms of reduced cost and carbon footprint.