Frøy : June 2022 – Investor presentation

Frøy ASA

NASF 2022 | Seafood Investor Seminar 23 June 2022

Important notice

This presentation (the "Presentation") has been prepared by Frøy ASA (the

"Company" and together with its subsidiaries (the "Group"). This Presentation has been prepared for information purposes only. This Presentation does not constitute an offer to buy or subscribe for any shares in the Company.

This Presentation speak only as of its date, and the views expressed are subject to change based on a number of factors, including, without limitation, macroeconomic and equity market conditions, investor attitude and demand, the business prospects of the Group and other specific issues. This Presentation and the conclusions contained herein are necessarily based on economic, market and other conditions, as in effect on, and the information available to the Company as of, its date. This Presentation does not purport to contain a complete description of the Group or the market(s) in which the Group operates, nor does it provide an audited valuation of the Group. The analyses contained in this Presentation are not, and do not purport to be, appraisals of the assets, stock or business of the Group or any other person.

Neither the Company nor any of its affiliates (nor any of its or their respective directors, officers, employees, professional advisers or representative) makes any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of such information. No responsibility or liability (whether in contract, tort or otherwise) is or will be accepted by the Company or any of its affiliates (or any of its or their respective directors, officers, representatives, employees, advisers or agents) as to, or in relation to, this Presentation.

This Presentation contains forward looking information. The words "believe", "expect", "could", "may", "anticipate", "intend" and "plan" and similar expressions identify forward-looking statements. All statements other than statements of historical facts included in this Presentation are forward-looking statements. Such forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause the Group's actual results, performance, achievements and value to be materially different from any future results, performance, achievements or values expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. No warranty or representation is given by the Company as to the reasonableness of these assumptions. Further, certain forward-looking statements are based upon assumptions of future events that may not prove to be accurate.

This Presentation is governed by and shall be construed in accordance with Norwegian law with Oslo District Court as legal venue.

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This is Frøy

Solutions for the		Trusted competence		Specialized vessels		Sustainability driven
i		i		i		i
ocean space		partner for +20 years		long term contracts		market dynamics
Integrated aqua service company		+730 aqua service specialists		81 specialized aqua service vessels		Key focus areas include
Delivering business critical		along the Norwegian coast		Wellboats		Fish welfare
			Service vessels		Biosecurity
day to day farming services
				Transport vessels		Reduced carbon emissions

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Solutions for the Ocean Space

Frøy assists salmon farmers with maintaining sustainable and efficient day-to-day farming operations at sea

Frøy solutions includes transportation of live fish, biological treatments, sorting, counting, cleaning, inspection, installation and maintenance of site infrastructure

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Trusted competence partner

for +20 years

• Established at Frøya - the global epicentre for aquaculture
• Continuous improvements driven by operational experience, innovation and cooperation
• In-housecompetence accumulated over 20 years of operations

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