Norway Royal Salmon ASA (NRS): Merger with SalMar ASA expected to be completed after close of trading 7 November 2022

Royal salmon

Reference is made to the stock exchange announcement made by Norway Royal Salmon ASA (“NRS“) on 31 October 2022 in connection with the acquisition of SalmoNor AS and the merger with SalMar ASA (“SalMar“) (the “Merger“).

The board of directors of NRS has today resolved to carry out the Merger, and the filing for completion of the Merger has been lodged with the Norwegian Registry of Business Enterprises (Nw. “Foretaksregisteret“). It is expected that the Merger will be completed after close of trading on Oslo Børs today (the “Merger Effective Date”). Consequently, it is expected that the last day of trading in the NRS shares will be today.

Upon completion of the Merger, SalMar will absorb all assets, rights and obligations of NRS, and NRS will be dissolved. Shareholders of NRS will receive merger consideration consisting of 0.303933 shares in SalMar and NOK 52.84 in cash for each share in NRS they own as at the expiry of the Merger Effective Date, as such shareholders will appear in NRS’ shareholders register with Euronext Securites Oslo (the “VPS”) at the expiry of 9 November 2022 (the record date for the Merger).

Subject to registration of the Merger at the time set out above, the merger consideration shares are expected to be delivered to eligible recipients’ securities accounts with the VPS on 11 November 2022. Any trade by investors in these shares prior to such delivery should be carried out in compliance with applicable short sale and other regulations.

Carnegie AS acts as financial advisor and Wikborg Rein Advokatfirma AS acts as legal advisor to NRS.

For more information, please contact:

Paal Espen Johnsen, Chairman of the Board of Directors: +47 484 02 000

Charles Høstlund, CEO: +47 994 18 449

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About Norway Royal Salmon:

The Norway Royal Salmon (NRS) group owns 36 455 tonnes MAB for salmon farming located in Troms and Finnmark, 21 800 tonnes MAB for salmon farming, and 5 300 MAB for trout farming in Iceland through the company Arctic Fish. In addition, the group has a minority interest in two associated Norwegian fish farming companies which together own nine fish farming licenses. NRS is an attractively positioned fish farming group, which offers salmon to the market through its own sales organization.

For further details, please visit www.norwayroyalsalmon.com.

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

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