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 OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 8 December 2022:  Statt Torsk ASA ("Statt Torsk" or the "Company") has
retained SpareBank 1 Markets AS as Sole Bookrunner (the "Manager") to advise on
and effect a contemplated private placement of new ordinary shares in the
Company (the "Offer Shares") to raise gross proceeds of approximately NOK 35 -
50 million (the "Private Placement"). The subscription price per Offer Share in
the Private Placement (the "Subscription Price") will be determined by the
Company's Board of Directors (the "Board"), in consultation with the Manager, on
the basis of a book building process to be conducted by the Manager.

The net proceeds from the Private Placement will be used to finance optimization
of harvest capacity, build-up of biomass on the Company's existing sites as well
as its new site at Apalset, and for general corporate purposes.

The following close associates to the Company's directors and management have
pre-committed to subscribe for approx. NOK 27.7 million:

o Orinoco AS (controlled by the chairman of the Board, Nicolas Brun-Lie): NOK
15.0 million of which NOK 5.0 million in conversion of a credit facility entered
into on 15 November 2022 
o TD Veen AS (associated with member of the Board, Øyvind Schanke): NOK 11.5
million of which NOK 4.0 million in conversion of a credit facility entered into
on 11 May 2022
o Medvode AS (controlled by CEO, Gustave Brun-Lie): NOK 1.0 million
o Bjug A. Borgund AS (controlled by CFO, Bjug Borgund): NOK 0.2 million

In addition, Klo Holding AS, the owner of salmon farmer Øyfisk AS and whitefish
producer Gunnar Klo AS, has pre-committed to subscribe for and will be allocated
shares for NOK 4.0 million. Based on a limited market sounding exercise prior to
launch, the Manager has received indications of interest to subscribe for Offer
Shares so that the total amount of pre-commitments and indications of interest
exceeds the minimum deal size at the start of the application period.

In the event of oversubscription, the subscriptions (above their pro-rata share)
from Orinoco AS and TD Veen AS may be reduced in order to give priority to other
investors and to improve the overall free float in the share.

The application period in the Private Placement will commence today, on 8
December 2022 at 16:30 CET and close on 9 December 2022 at 08:00 CET. The
Manager and the Company may, however, at any time resolve to shorten or extend
the application period on short or without notice. If the application period is
shortened or extended, any other dates referred to herein may be amended
accordingly.

The Private Placement will be directed towards selected Norwegian and
international investors (a) outside the United States in reliance on Regulation
S under the U.S, Securities Act of 1933, as amended (the "U.S. Securities Act"),
and (b) to investors in the United States who are "qualified institutional
buyers" ("QIBs") as defined in Rule 144A under the U.S. Securities Act, in each
case subject to an exemption being available from prospectus requirements and
any other filing or registration requirements in the applicable jurisdictions
and subject to other selling restrictions. The minimum application and
allocation amount has been set to the NOK equivalent of EUR 100,000 per
investor. The Company may, however, at its sole discretion, allocate an amount
below EUR 100,000 to the extent applicable exemptions from the prospectus
requirements pursuant to the Norwegian Securities Trading Act and ancillary
regulations are available, including to employees and directors of the Company
and the Company group. Further selling restrictions and transaction terms will
apply.

Allocation of Offer Shares will be determined at the end of the application
period by the Board in consultation with the Manager, at its sole discretion.
The Company may focus on allocation criteria such as (but not limited to)
existing ownership in the Company, timeliness of the application, relative order
size, sector knowledge, investment history, perceived investor quality and
investment horizon.

Settlement is expected to take place on or about 13 December 2022 on a delivery
versus payment (DVP) basis. Delivery of the Offer Shares allocated in the
Private Placement will, in order to facilitate DVP settlement, be made by
delivery of existing and unencumbered shares in the Company already admitted to
trading on Euronext Growth Oslo, pursuant to a share lending agreement (the
"Share Lending Agreement") to be entered into between the Company, the Manager
and Orinoco AS, a close associate of chairman of the board, Nicolas Brun-Lie.
The Manager will settle the share loan with new shares in the Company to be
issued by the Board pursuant to an authorisation granted by the Company's
General Meeting held on 20 December 2021.

Completion of the Private Placement is subject to all necessary corporate
resolutions being validly made by the Company, including without limitation, the
Board resolving to consummate the Private Placement and issue and allocate the
Offer Shares.

The Company reserves the right, at any time and for any reason, to cancel,
and/or modify the terms of, the Private Placement prior to completion. Neither
the Company nor the Manager will be liable for any losses incurred by applicants
if the Private Placement is cancelled, irrespective of the reason for such
cancellation.

The Company has considered the Private Placement in light of the equal treatment
obligations under the Norwegian Securities Trading Act and Oslo Børs' circular
no. 2/2014 and is of the opinion that the waiver of the preferential rights
inherent in a private placement, taking into consideration the time, costs and
risk of alternative methods of securing the desired funding, is in the common
interest of the shareholders of the Company. 

The Company may, subject to completion of the Private Placement and certain
other conditions, decide to carry out a subsequent offering of new shares at the
Offer Price (the "Subsequent Offering"). The Subsequent Offering, if carried
out, will, subject to applicable securities law, be directed towards existing
shareholders in the Company as of 8 December 2022 (as registered in the VPS two
trading days thereafter), who (i) were not allocated Offer Shares in the Private
Placement, and (ii) are not resident in a jurisdiction where such offer would be
unlawful or would (in jurisdictions other than Norway) require any prospectus,
filing, registration or other similar action.  The potential Subsequent Offering
will be subject to, among other things, approval by the Board. Launch of a
Subsequent Offering, if carried out, may also be contingent on publishing of a
prospectus.

SpareBank 1 Markets AS is acting as Sole Bookrunner in connection with the
Private Placement. Ro Sommernes is acting as legal advisor to the Company and
Advokatfirmaet Wiersholm AS is acting as legal advisor to the Manager.

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 the Norwegian Securities Trading Act. This stock exchange notice
was published by Bjug Borgund, CFO of the Company, on 8 December 2022 at 16:30
CEST.

For more information