Invitation to operational update and presentation of optimized Kvalnes build-out plan

6 March 2025

Andfjord Salmon Group AS (Andfjord Salmon) invites investors, analysts, lenders and media to an operational update and presentation of the company’s optimized Kvalnes build-out plan that was announced on 26 February 2025.

The presentation will be held physically in Oslo and streamed live to online viewers.

Date: Tuesday 11 March 2025

Time: 08:00 CET

Presenters: CEO Martin Rasmussen, CFO Bjarne Martinsen, and project director Jostein Nilssen

Venue: Haakon VIIs gate 2, Vika, Oslo (Auditorium H2)

The webcast presentation can also be watched from this link:

The presentation will be held in English. Questions can be submitted during the live webcast.

The presentation material will be published at 07:00 CET on the same day.

CONTACTS‍

Bjarne Martinsen, CFO, +47 975 08 345, bjarne.martinsen@andfjord.no

Martin Rasmussen, CEO, +47 975 08 665, martin@andfjord.no‍

ABOUT ANDFJORD SALMON

Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord Salmon is developing the world’s most sustainable and fish-friendly aquaculture facility of its kind. Through a proprietary flow-through system, Andfjord Salmon combines the best from ocean and land-based salmon farming. In its first production cycle, the company achieved an industry-leading survival rate of 97.5 percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and required 1 kWh to produce one kilo of salmon. Andfjord Salmon has identified a roadmap towards a production capacity of 40,000 tonnes HOG at Kvalnes, Andøya, and set a long-term ambition to reach 90,000 tonnes HOG across Kvalnes, Breivika and Fiskenes at Andøya.