Bergen, 3 January 2024. Reference is made to the stock exchange notice published
by Proximar Seafood AS (the "Company") on 14 December 2023, regarding the
allocation of 70,000,000 new shares in the Company (the "Offer Shares") through
a private placement, each at a subscription price of NOK 2.00 per new share,
raising gross proceeds of NOK 140 million (the "Private Placement"). Reference
is further made to the stock exchange announcement published by the Company
regarding the extraordinary general meeting held earlier today whereby all
proposals on the agenda were adopted, including the Private Placement. 

The extraordinary general meeting's approval of the Private Placement entails
that all conditions for the allocation of Offer Shares to primary insiders in
the Company and close associates to such primary insiders have been fulfilled,
and thus triggering a mandatory notification of trade obligation. For more
information about the allocation of Offer Shares to primary insiders and close
associates see the attached mandatory notification of trade. 

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act. 

For further information, please contact: 

Ole Christian Willumsen, CFO, Proximar Seafood AS 
Phone: +47 48213429 
E-mail: ocw@proximar.com 

About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility and production at the foot of Mount Fuji in Japan. The
company inserted its first batch of eggs in October 2022 and plans first harvest
in Q3 2024. Through land-based salmon farming, using high-quality ground water
secured close to Mount Fuji, the company will produce fresh Atlantic Salmon,
harvested the same day. Proximar's location, near one of the world's most
important fish markets, implies significant advantages, both in terms of reduced
cost and carbon footprint.