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Kats, Netherlands - January 14, 2025

Reference is made to the stock exchange announcement published by The Kingfish
Company N.V. ("Kingfish" or the "Company", ticker: KING) on December 22, 2024
regarding the agreement for a contemplated fully underwritten private placement
(the "Private Placement") of 31,111,112 new shares in the Company (the "Offer
Shares") at a fixed price of EUR 0.45 per Offer Share (the "Offer Price"), to
raise gross proceeds to the Company of EUR 14 million (the "Offer Size").

The Company hereby announces the launch of the Private Placement. The Company
has received pre commitments and underwriting commitments securing the full
Offer Size, see further details below.

The net proceeds from the Private Placement will be used to strengthen the
Company's resources to accelerate the sales ramp up until full utilisation of
the farm capacity estimated at 4,000 tons per year and for general corporate
purposes. 

The Company has appointed ABG Sundal Collier ASA as bookrunner for the Private
Placement (the "Manager").

Timeline and terms for the Private Placement
The application period in the Private Placement starts today, January 14, 2025
at 09:00 CET and closes tomorrow, January 15, 2025 at 16:30 CET (the
"Application Period"). The Company reserves the right, at its sole discretion,
to close or extend the Application Period at any time and for any reason on
short or without notice. If the Application Period is shortened or extended, the
other dates referred to herein might be changed accordingly.

Allocation of Offer Shares (conditional for Tranche 2, as defined below) will be
determined at the end of the Application Period at the sole discretion of the
Company's supervisory board (the "Board"), in consultation with the management
board of the Company and the Manager. Allocation will be based on criteria such
as (but not limited to) pre-commitments (the Underwriters (as defined below)
will receive full allocation for their pre-committed amounts), existing
ownership in the Company, perceived investor quality, timeliness of the
application, early indication, relative order size, sector knowledge, investment
history, and investment horizon. Notification of allocation (conditional for
Tranche 2) will be issued to applicants on or about January 16, 2025 through a
notification to be issued by (or on behalf of) the Manager. 

The Private Placement will be directed towards Norwegian and international
investors, subject to applicable exemptions from relevant registration, filing
and prospectus requirements, and subject to other applicable selling
restrictions. The minimum application and allocation amount has been set to EUR
100,000 per applicant. However, the Company may, at its sole discretion, offer
and allocate Offer Shares for an amount below EUR 100,000 to the extent
applicable exemptions from prospectus requirements pursuant to applicable
regulations, including the Norwegian Securities Trading Act and Regulation (EU)
2017/1129 and ancillary regulations, are available. Further selling restrictions
and transaction terms will apply.




Settlement 
For settlement purposes, the Private Placement will be divided in two tranches: 

o	Tranche 1 consists of 11,084,900 Offer Shares (the "Tranche 1 Shares"),
representing 10% of the outstanding shares in the Company prior to the Private
Placement, to be issued by the Board pursuant to authorisations granted by the
Company's annual general meeting on June 19, 2024, including the authority to
exclude pre-emption rights to shares (the "Authorisations")