Japan/Norway 31st of March 2021 

Proximar Seafood AS has been awarded top rating for the company's sustainability
work by the recognised Japan Credit Rating Agency (JCR). 

"We believe that our commitment to produce salmon in a sustainable way and in
proximity to the market will be our long-term advantage. It's a major
recognition for our entire team that a renowned rating agency in Japan rates
Proximar with the highest score possible", says Joachim Nielsen, CEO of Proximar
Seafood. 

Highest rating
Japan Credit Rating Agency has reviewed the "Greenness and Social Beneficial
Impacts" and the "Management, Operation, and Transparency" of Proximar's
sustainability framework. The highest rating "SU1(F)" was assigned. The
framework meets the standards for the items required by important credit market
principles such as the Green Bond Principles, the Social Bond Principles,
Sustainability Bond Guidelines, the Green Loan Principles, the Green Bond
Guidelines and the Green Loan and Sustainability Linked Loan Guidelines by the
Japanese Ministry of the Environment. Japan Credit Rating Agency's evaluation of
Proximar states:

The project is expected to bring social benefits from the following viewpoints:
(1) preventing marine pollution and conserving biodiversity