29 April 2026: Reference is made to the stock exchange announcement from Salmon Evolution ASA (the “Company”) today regarding a successfully placed private placement of new shares in the Company raising NOK 400.5 million in gross proceeds by issuing 89 million new shares, each at a subscription price of NOK 4.50 per share (the “Offer Price”) (the “Private Placement”) and a contemplated subsequent offering of up to 11,111,111 new shares in the Company at the Offer Price in the Private Placement, raising gross proceeds of up to NOK 50 million (the “Subsequent Offering”).

Please see the key information below pertaining to the Subsequent Offering:

Date on which the terms and conditions of the Subsequent Offering were announced: 29 April 2026
Last day including right: 28 April 2026
Ex-date: 29 April 2026
Record date: 30 April 2026
Date of approval: 28 April 2026
Maximum number of new shares: 11,111,111
Subscription price: NOK 4.50 per share

Other information: The Subsequent Offering will be directed towards existing shareholders in the Company as of 28 April 2026 (as registered in the VPS two trading days thereafter), who (i) were not allocated shares in the Private Placement, and (ii) are not resident in a jurisdiction where such offering would be unlawful, or would (in jurisdictions other than Norway) require any prospectus filing, registration or similar action (jointly, the "Eligible Shareholders").

The Subsequent Offering is, among other things, (i) subject to completion of the Private Placement, (ii) publication of a prospectus, (iii) prevailing market price of the Company’s shares being higher than the Offer Price as determined by the Board, and (iv) the necessary corporate approvals, including approval by a general meeting of the Company.
Eligible Shareholders are expected to receive non-transferable subscription rights. The subscription period in the Subsequent Offering is expected to commence shortly after publication of the prospectus, currently expected during June 2026. The Company will issue a separate stock exchange notice with further details on the Subsequent Offering.

The Company reserves the right in its sole discretion to not conduct or to cancel any Subsequent Offering based on market conditions and other relevant factors.

Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, and Nordea Bank Abp, filial i Norge are acting as managers for the potential Subsequent Offering. Advokatfirmaet BAHR AS is acting as legal advisor to the Company.
This information is published in accordance with the requirements of the rules of Euronext Oslo Børs.
 
About Salmon Evolution
 
Salmon Evolution is the global leader within land-based salmon farming. Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending the Ocean Potential by creating optimal growth conditions in a controlled environment on land. This approach, capturing the benefits of both land-based and sea-based farming, puts biology first and limits operational and biological risk.
 
Salmon Evolution is strategically located at the heart of the global aquaculture industry on the west coast of Norway, where the Company has its first facility and global centre of excellence fully operational at industrial scale. Enabled by proof of concept at Indre Harøy, Salmon Evolution targets significant expansion.
 
Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more, please visit www.salmonevolution.no.
 
IMPORTANT NOTICE
 
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. None of the managers or any of their respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. This announcement has been prepared by and is the sole responsibility of the Company.
 
Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
 
This announcement does not contain or constitute an offer to sell or a solicitation of any offer to buy or subscribe for any securities referred to in this announcement to any person in any jurisdiction, including the United States, Australia, Canada, Japan, Hong Kong or South Africa or any jurisdiction to whom or in which such offer or solicitation is unlawful.
 
The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
 
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any securities referred to herein in the United States or to conduct a public offering of securities in the United States.
 
This announcement is made by, and is the responsibility of, the Company. The managers and their affiliates are acting exclusively for the Company and no-one else in connection with the potential Subsequent Offering. They will not regard any other person as their respective clients in relation to any Subsequent Offering and will not be responsible to anyone other than the Company, for providing the protections afforded to their respective clients, nor for providing advice in relation to any Subsequent Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
 
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “aims”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company, each of the managers and their respective affiliates expressly disclaim any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.
 
This announcement is for information purposes only. It does not purport to be complete, and it is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the managers nor any of their respective affiliates accepts any liability arising from the use of this announcement. The Company and the managers, and their respective affiliates, expressly disclaim any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.