As per 31 December 2023 the Company had a standing biomass of more than 2,200 tonnes (LW) and had all-time high net biomass production of 1,439 tonnes (LW) in the quarter. The Company continues to see strong biological performance with good appetite and low mortality at Indre Harøy.

Salmon Evolution harvested a record high 1,104  tonnes (HOG) in the fourth quarter, with a 90 % superior share and tight weight concentration. Harvest volumes in the first quarter of 2024 are expected in the range of 800-1,000 tonnes (HOG) before increasing significantly from Q2 and onwards.

"The market backdrop going into 2024 is highly attractive with record high salmon prices expected. Salmon Evolution is well positioned to capitalize on this on back of a substantial increase in harvest volumes over the coming quarters, following a fully stocked farm at Indre Harøy," CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said.

Please see attached presentation for further details.

For further information, contact:

Trond Håkon Schaug-Pettersen  

CEO, Salmon Evolution                                

+47 911 91 327                

Trond Vadset Veibust

CFO, Salmon Evolution                                

+47 480 90 595