Icelandic Salmon AS has published a Company Description in relation to the
proposed admission to trading of the Company's Affiliated Shares on Nasdaq First
North Growth Market Iceland ("First North Iceland"). The Company Description,
dated 27th of September 2023, is published on the Company's website, 
https://arnarlax.is/publication-of-a-company-description/ 

Nasdaq First North Growth Market

Nasdaq First North Growth Market is a registered SME growth market, in
accordance with the Directive on Markets in Financial Instruments (EU 2014/65)
as implemented in the national legislation of Denmark, Finland, Iceland and
Sweden, operated by an exchange within the Nasdaq group. Issuers on Nasdaq First
North Growth Market are not subject to all the same rules as issuers on a
regulated main market, as defined in EU legislation (as implemented in national
law). Instead, they are subject to a less extensive set of rules and regulations
adjusted to small growth companies. The risk in investing in an issuer on Nasdaq
First North Growth Market may therefore be higher than investing in an issuer on
the main market. All issuers with shares admitted to trading on Nasdaq First
North Growth Market have a Certified Adviser who monitors that the rules are
followed. The respective Nasdaq exchange approves the application for admission
to trading.

Certified Adviser

Arion Bank hf., reg. no. 581008-0150, Borgartún 19, 105 Reykjavík (hereafter
referred to as the "Certified Adviser" or "Arion Bank"), which is a member of
and has an agreement with Nasdaq Iceland hf., is the Certified Adviser for the
admission of the Company's Affiliated Shares to trading on First North Iceland.
Arion Bank holds a full banking license under the Act on Financial Undertakings,
no. 161/2002 and is regulated by the Icelandic Financial Supervisory Authority.
The Company has chosen to be fully Exchange-monitored and as such the Certified
Adviser does not have an obligation to make sure that the conditions of the
Nasdaq First North Growth Market Rulebook for Issuers of Shares are fulfilled
initially or complied with continuously.


For further information, please contact:

CEO Björn Hembre
Tel: +47 913 47 432
Email: bjorn@arnarlax.is

CFO Jónas Heiðar Birgisson
Tel: +354 414 0609
Email: jonas@arnarlax.is


About Icelandic Salmon: 
Icelandic Salmon is listed at the Euronext Growth. The company is the 100% owner
of Arnarlax ehf, the leading farming company in Iceland with their head office
in Bildudalur. The company is fully integrated, from egg to the fish is
delivered to customers in the market, with control over all parts of the value
chain. 

See https://www.arnarlax.is for more information about the company