ANDD SALM 15.1.2021 08:30:00 CET | Andfjord Salmon | Mandatory notification of trade primary insiders NorNet AS, a company owned 100% by R&D director in Andfjord Salmon,Ben Tommy Eriksen , has on14 January 2021 acquired 350,000 shares inAndfjord Salmon AS . NorNet AS has acquired the shares from Andfjord Holding AS, a company owned 100% by founder and chairman of Andfjord Salmon,Roy Pettersen . After this transaction,Roy Pettersen and associated companies own a total of 7,026,000 shares, equivalent to 19.67% of the total outstanding shares inAndfjord Salmon AS , while Eriksen and associated companies own 447,000 shares inAndfjord Salmon AS .Ben Tommy Eriksen is the inventor of the flow-through technology utilized byAndfjord Salmon AS . The transfer of shares from Andfjord Holding AS to NorNet AS, atNOK 30 per share, originates from a past agreement between the two parties. DISCLAIMER This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act. CONTACTS * Helge Krøgenes, Chief Commercial Director, +47 930 96 109, helge@andfjord.no ABOUT ANDFJORD SALMON About Andfjord Salmon? Andfjord Salmon? has developed an innovative and sustainable aquaculture concept for land-based farming of Atlantic Salmon. The company's ambition is to build the world's most sustainable aquaculture facility of its kind. The facility is escape-proof, lice-free and its highly filtered effluent avoids polluting marine life. Additionally, the facility will be partly powered by the use of solar panels and wind turbines. Located at Kvalnes on the island Andøya on the Arctic Archipelago of Vesterålen,Norway , the company's first facility is currently under construction. The company holds a license for 10,000 tons Maximum Allowed Biomass (MAB) for land-based flow-through farming ofAtlantic salmon. The company has secured rights to properties for a potential expansion of an additional 60,000 tonnes MAB licensed capacity. This is estimated to result in 90 000 tons production capacity of Atlantic Salmon per year. The further expansion is subject to zoning of the land and granting of licenses.Andfjord Salmon AS is listed on the Stock Exchange Euronext Growth Oslo under the ticker ANDF. www.andfjordsalmon.com [http://www.andfjordsalmon.com]
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