Private placement concluded

Reference is made to the stock exchange announcement by Andfjord Salmon Group AS ("Andfjord Salmon" or the "Company") on 15 December 2025, regarding certain business updates as well as a private placement of new shares in the Company (the "Private Placement").

The Company hereby announces that it has allocated 11,548,126 new shares (the "Offer Shares") in the Private Placement at a subscription price of NOK 26.70 per share (the "Offer Price"), raising total gross proceeds of approximately NOK 300 million.

The Private Placement is divided into two tranches, with one tranche consisting of 6,085,000 Offer Shares ("Tranche 1") and a second tranche consisting of 5,463,126 Offer Shares ("Tranche 2"). The Offer Shares allocated in Tranche 1 has been resolved issued by the Company's board of directors (the "Board") pursuant to the authorization granted to the Board by the annual general meeting of the Company held on 29 April 2025. The Offer Shares in Tranche 2 have been conditionally allocated by the Board and completion of Tranche 2 and delivery of the Offer Shares thereunder remains subject to an extraordinary general meeting of the Company authorising the share capital increase pertaining thereto.

The Offer Shares will not be tradeable on Euronext Growth Oslo until the share capital increases pertaining to the Offer Shares issued in Tranche 1 and Tranche 2, respectively, have been registered in the Norwegian Register of Business Enterprises.

Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge and SB1 Markets AS have acted as joint bookrunners (the "Managers") in connection with the Private Placement. Schjødt has acted as legal advisor to the Company.

See attached PDMR-notices related to subscriptions of shares in the Private Placement.

Disclosure regulation

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 announcement was published by Bjarne Martinsen, CFO of the Company, at the date and time set out herein, on behalf of the Company.