NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH
AFRICA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION
OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF
ANY OF THE SECURITIES DESCRIBED HEREIN. 

Reference is made to the stock exchange announcement made by Statt Torsk ASA
(the "Company" or "Statt Torsk"), on 22 November 2023, regarding the
contemplated private placement of new shares (the "Offer Shares") in Vesterålen
Havbruk AS to raise gross proceeds of between NOK 50 million and NOK 100 million
(the "Private Placement"). Vesterålen Havbruk AS is pleased to announce that the
Private Placement has been successfully placed within that range. 

Completion of the Private Placement is inter alia subject to an extraordinary
general meeting expected to be held on or about 29 November 2023 in Vesterålen
Havbruk AS resolving to approve the Private Placement and issue the Offer
Shares.


For further information, please contact: 
Brynjar Kværnstuen, CEO 
Email: brynjar@vesteralenhavbruk.com

Martin Kværnstuen, CFO 
Email: martin@vesteralenhavbruk.com


About Vesterålen Havbruk AS: Vesterålen Havbruk AS is a white fish group
primarily located in Øksnes and Bø municipality. The company's subsidiaries are
involved in harvesting of farmed cod, processing facility for wild and farmed
cod/salmon, and are also running a traditional fish reception. In Q4 2023 the
company will have the first operational stun and bleed vessel delivered,
specialized for farmed cod. The company has already conducted one production
cycle on farmed cod in the Northern areas. Vesterålen Havbruk AS employs 200
people and are privately held. For more information, please visit:
www.vesteralenhavbruk.com/en/rapporter.

IMPORTANT NOTICE: 
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of Vesterålen Havbruk AS.
Copies of this announcement are not being made and may not be distributed or
sent into any jurisdiction in which such distribution would be unlawful or would
require registration or other measures. 

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"), and accordingly may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the U.S. Securities Act and in accordance with applicable U.S.
state securities laws. Vesterålen Havbruk AS does not intend to register any
part of the offering in the United States or to conduct a public offering of
securities in the United States. Any sale in the United States of the securities
mentioned in this announcement will be made solely to "qualified institutional
buyers" as defined in Rule 144A under the U.S. Securities Act. 

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. The expression "EU
Prospectus Regulation" means Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 as amended (together with any
applicable implementing measures in any Member State). 

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this announcement relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so. 

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although Vesterålen Havbruk AS believe that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict, and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. Vesterålen
Havbruk AS does not make any guarantee that the assumptions underlying the
forward-looking statements in this announcement are free from errors nor does it
accept any responsibility for the future accuracy of the opinions expressed in
this announcement or any obligation to update or revise the statements in this
announcement to reflect subsequent events. You should not place undue reliance
on the forward-looking statements in this announcement. 

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. Vesterålen Havbruk AS does not undertake any obligation to review,
update, confirm, or to release publicly any revisions to any forward-looking
statements to reflect events that occur or circumstances that arise in relation
to the content of this announcement. 

Neither Pareto Securities AS or Sparebank 1 Markets AS (the "Managers") nor any
of their affiliates makes any representation as to the accuracy or completeness
of this announcement and none of them accepts any responsibility for the
contents of this announcement or any matters referred to herein. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of Vesterålen Havbruk AS. Neither
the Managers nor any of their affiliates accepts any liability arising from the
use of this announcement. 

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.