Salmon Evolution ASA has today awarded Endúr ASA's wholly owned subsidiary Artec
Aqua AS the contract to deliver the process facility for phase 2 (BTB) of the
salmon farmer's land-based grow-out salmon farming facility at Indre Harøy,
Norway.

Under the contract, Artec Aqua will immediately commence the project design
phase for the facility. This phase is planned to run until year-end 2023.
Subject to final investment decision by Salmon Evolution, Artec Aqua will also
deliver its hybrid flow-through technology and manage the construction and
commissioning of the process facility. 

The total project cost for phase 2 including both civil works and the process
facility, is estimated to NOK 1.6 - 1.7 billion. The process facility which will
be supplied by Artec Aqua, represents a significant part of such total project
cost. Endúr will only book the project design phase as order intake in the
second quarter 2023. 

Artec Aqua has previously conducted design, construction and commissioning of
Salmon Evolution's phase 1 at Indre Harøy. This facility has delivered strong
results over an extended period of time.

"We are delighted to be awarded this contract and to continue our long-standing
cooperation with Salmon Evolution. Overall, the results at Indre Harøy have been
excellent, and the feedback from our customer is that our project execution and
our technology is a major contributor to this success," says Ingegjerd Eidsvik,
CEO of Artec Aqua.

"Artec Aqua is one of the world's leading suppliers of technical infrastructure
to land-based fish farming facilities, and Salmon Evolution is rapidly building
up its production volumes. It is a highly valuable collaboration for both
companies, and we look forward to contributing towards creating even stronger
operational, biological and financial results at Indre Harøy going forward,"
says Jeppe Raaholt, CEO of Endúr ASA.

Salmon Evolution has already started with initial groundworks and plans to be in
a position to start phase 2 construction works by year end 2023. 

The contract also includes an intention for Artec Aqua to provide technical
infrastructure for Salmon Evolution's phase 3 (BTC), which is double the size
compared to phase 1 and 2, at Indre Harøy.

"Salmon Evolution sets the bar high when it comes to quality of our suppliers
and the services they provide. Artec Aqua has proven that they possess the
competence and capabilities to deliver build-out projects according to our
expectations. We look forward to cooperating with them on this phase too," says
Trond Håkon Schaug-Pettersen, CEO of Salmon Evolution

(ENDS)

For further information, contact:

Media:
CEO Endúr ASA, Jeppe Raaholt, +47 97 66 97 59
CEO Artec Aqua, Ingegjerd Eidsvik, + 47 95 08 77 54

Investors:
CFO Endúr ASA, Einar Olsen, +47 924 01 787

About Endúr ASA:
Endúr is a listed Nordic industrial group and a leading player in the market for
marine infrastructure and solutions for sea and land-based aquaculture. The
company's head office is in Lysaker outside Oslo. See more about us at:
www.endur.no.
.