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, 5 January 2023: Reference is made to the stock exchange notices from Statt
Torsk ASA ("Statt Torsk" or the "Company") in relation to a potential subsequent
offering (the "Subsequent Offering") of up to 5,882,352 new shares (the "Offer
Shares") at a subscription price of NOK 1.70 per new share (the "Offer Price"),
being identical to the subscription price in the private placement completed on
8 December 2022, raising gross proceeds of up to NOK 10 million. 

The subscription period expired on 4 January 2023, at 16:30 (CET). By the end of
the subscription period, the Company has received valid subscriptions for
1,876,507 Offer Shares in the Subsequent Offering. All the subscribers will
receive the full number of shares subscribed for, raising gross proceeds of
approximately NOK 3,190,062.   

The board of directors of Company has today, pursuant to an authorization
granted by the Company's extraordinary general meeting held on 20 December 2021,
resolved to issue 1,876,507 new shares at the Offer Price. Subject to timely
payment for the Offer Shares, the Offer Shares is expected to be delivered to
the subscribers VPS accounts on or about 13 January 2023. 

Notifications of allocated Offer Shares and the corresponding amount to be paid
by investors are expected to be communicated to investors on or about 5 January
2023, with payment date on 10 January 2023. Investors who have access to
investor services through their VPS account manager should be able to see how
many Offer Shares they have been allocated from on or around 5 January 2023. The
Manager may also be contacted for information regarding allocation, payment, and
delivery of the shares in the Subsequent Offering.

Following the issue of the new shares, the Company will have a share capital of
NOK 21,216,910.50 divided into 212,169,105 shares, each with a nominal value of
NOK 0.10.  

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 5 January 2023 at 15:15
CET. 

For more information