Lerøy Seafood : Notice of annual general meeting and supporting documentation

To the shareholders of Lerøy Seafood Group ASA (LSG).

ANNUAL GENERAL MEETING, 23 MAY 2022 AT 10.00 CET

Please find the following documents attached:

• - Notice of meeting

• - Notice of attendance form

• - Information on items on the agenda

• - Recommendation of the nomination committee

• - Guide for electronic log in at the General Meeting

Bergen, 29 April 2022

Yours sincerely, for THE BOARD OF DIRECTORS OF LERØY SEAFOOD GROUP ASA

Helge Singelstad

Chairman

Sign:

ATTACHMENTS

NOTICE OF ANNUAL GENERAL MEETING

The shareholders in Lerøy Seafood Group ASA are summoned for the Annual General Meeting on Wednesday 23

May 2022 at 10.00 CET.

The shareholders may participate digitally via LUMI AGM with log in and registration from 09.30 CET. For further information regarding digital participation, please see the attached guide.

There is also an opportunity for physical attendance at the company's office at Lanternen, Thormøhlens gate 51 b, 5006 Bergen.

Shareholders participating physically will log in and submit their votes electronically in the same way as for the shareholders who are participating digitally, and are therefore asked to bring a smart phone or a tablet.

The Board of Directors proposes the following agenda:

Agenda

• 1 Opening of the meeting by the Chairman of the Board, Helge Singelstad, and registration of shareholders present

• 2 Election of chairperson for the meeting and one person to co-sign the minutes

• 3 Approval of notice and proposed agenda

• 4 Approval of the financial statements and Board of Directors' report, including distribution of dividends

• 5 Stipulation of remuneration of the Board of Directors, the Nomination Committee, the Audit Committee and the Company's Auditor for 2021

• 6 Advisory vote on report on salaries and other remuneration to executive personnel

• 7 Statement on corporate governance

• 8 Election of Board of Directors and the Nomination Committee

• 9 The Board's proposal regarding renewal of the Board's mandate to purchase treasury shares

• 10 The Board's proposal regarding renewal of the Board's mandate to increase the share capital by issuing new shares through private placements directed at external investors, employees and certain shareholders of Lerøy Seafood Group ASA

In accordance with the Company's Articles of Association, Article 6 second paragraph, the documents to be reviewed during the Annual General Meeting are published on the Company's web sitewww.leroyseafood.com. The same applies to documents which legally are to be included in or enclosed with the notice of the Annual General Meeting.

Shareholders have the right to demand delivery by post of documents relating to issues to be discussed during the Annual General Meeting. Shareholders who require delivery of documents by post are requested to contact Hans Ljøen ([e-mail]).

The Company's share capital totals 595,773,680 shares each with a nominal value of NOK 0.10. Each share carries one vote at the Annual General Meeting. The Company has, per the date of this notice, a holding of 297,760 treasury shares for which voting rights cannot be exercised.

Shareholders are entitled to attend the Annual General Meeting either digital via LUMI AGM, in person or by proxy. Shareholders who wish to attend the Annual General Meeting, either digital, in person or via proxy, are kindly requested to fill in and return the enclosed attendance slip/proxy form [e-mail], or by regular mail to DNB Bank ASA, Registrars' Department, P.O. Box 1600 Sentrum, 0021 Oslo.

Notice of attendance/proxy can also be registered online via the Company's websitewww.leroyseafood.com or via VPS Investor Services.

The notice of attendance must be received no later than 20 May 2022, 16.00 CET.

Any shareholder has the right to propose alternative resolutions to the proposals from the Board of Directors. Furthermore, the shareholders may also propose that additional items shall be considered by the Annual General Meeting, provided that the shareholders notify the Company in writing of such additional items at least four weeks prior to the date of the Annual General Meeting. Pursuant to section 5-14 (1) of the Public Limited Liability Companies Act (allmennaksjeloven), the Annual General Meeting may only consider the items listed on the agenda. Items of which the Company has been notified after the said deadline will usually not be considered at the meeting. The following items may nevertheless be considered at the meeting pursuant to section 5-14 (2) of the Public Limited Liability Companies Act (allmennaksjeloven); (i) matters which pursuant to law or the articles of association shall be dealt with in the meeting, (ii) proposals for investigation, and (iii) a resolution to convene for a new general meeting to decide any proposals submitted at the meeting.

Furthermore, the shareholders have the right to request information from the Board of Directors and the CEO pursuant to the provisions of section 5-15 of the Public Limited Liability Companies Act (allmennaksjeloven).

This notice and attachments are also available on the Company's website atwww.leroyseafood.com.

Yours sincerely, for THE BOARD OF DIRECTORS OF LERØY SEAFOOD GROUP ASA

Helge Singelstad

Chairman of the Board

Sign:

Ref no: PIN code:

NOTICE OF ANNUAL GENERAL MEETING

Annual General Meeting i Lerøy Seafood Group ASA will be held on May 23rd, 2022 at 10:00 CET at

Lanternen, Thormøhlens gate 51 b, 5006 Bergen and online.

The shareholder is registered with the following amount of shares at summons: _____________ and vote for the number of shares owned per Record Date: May 23rd, 2022

The general meeting is held as a hybrid meeting, where shareholders can choose between attending online or meeting physically. Shareholders who participate physically log in and cast their votes electronically in the same way as shareholders who participate online and are asked to bring a smartphone or tablet. If a shareholder wishes to participate, but not vote in the meeting, a proxy or advance vote may be given. See online guide on the company's websitehttps://www.leroyseafood.com/no/investor/eierstyring-og-selskapsledelse/generalforsamling/ for technical description.

Deadline for registration of physical attendance, proxies and instructions: May 20th, 2022 at 4:00 pm CET

Online participation

Shareholders that will participate online are requested not to register attendance in advance

For online attendance - Please log in athttps://web.lumiagm.com/124586674 log in must be done at the latest at the start of the meeting and will be opened one hour before. You must identify yourself using the reference number and PIN code from VPS that you will find in investor services (Corporate Actions - General Meeting - ISIN) or sent you by post (for non-electronic actors). Shareholders can also get their reference number and PIN code by contacting DNB Bank Registrars Department by phone [phone] (8:00 a.m. to 3:30 p.m. CET) or by [e-mail].

Registration for physical attendance

Shareholders who wish to participate physically are requested to register attendance.

Registration for physical attendance should be done through the Company's websitehttps://www.leroyseafood.com/no/investor/eierstyring-og- selskapsledelse/generalforsamling/ or through VPS Investor Services. For registration through the Company's website, the reference number and pin code on this form must be stated. In VPS Investor Services chose Corporate Actions - General Meeting, click on ISIN. Investor Services can be accessed either throughhttps://www.euronextvps.no/ or your account operator. If you are not able to register this electronically, you may send this form by e-mail [e-mail], or by regular Mail to DNB Bank ASA, Registrars Department, P.O.Box 1600 Centrum, 0021 Oslo, Norway. If a shareholder gives a proxy, but wishes to attend physically, we ask for a short e-mail [e-mail]

Place

Date

Shareholder's signature (to be signed only for registration of physical attendance)

Proxy without voting instructions for Annual General Meeting of Lerøy Seafood Group ASA.

Proxy to another individual to vote for your shares.

Ref no: PIN code:

Proxy should be registered through the Company's websitehttps://www.leroyseafood.com/no/investor/eierstyring-og-selskapsledelse/generalforsamling/ or through VPS Investor Services.

For granting proxy through the Company's website, the reference number and pin code on this form must be used.

In VPS Investor Services chose Corporate Actions - General Meeting, click on ISIN. Investor Services can be accessed either throughhttps://www.euronextvps.no/ or your account operator. If you are not able to register this electronically, you may send by E-mail to [e-mail], or by regular Mail to DNB Bank ASA, Registrars Department, P.O.Box 1600 Centrum, 0021 Oslo, Norway. If the shareholder is a Company, the signature must be according to the Company's Certificate of Registration. The Proxy must be dated and signed to be valid.

The undersigned: ________________________________________ hereby grants (if you do not state the name the proxy holder, the proxy will be given to the Chair of the Board of Directors)

 the Chair of the Board of Directors (or a person authorised by him or her), or

 __________________________________________________________ (State name of proxy holder in capital letters) (NB: Proxy holder who participates online must send an e-mail [e-mail] for log in details)

proxy to attend and vote for my/our shares at the Annual General Meeting of Lerøy Seafood Group ASA on May 23rd, 2022.

Place

Date

Shareholder's signature (only for granting proxy)

Proxy with voting instructions for Annual General Meeting in Lerøy Seafood Group ASA

Use this proxy form to give voting instructions to Chair of the Board of Directors or the person authorised by him or her.

For Instruction to other than Chair of the Board, give a proxy without voting instructions, and agree directly with the proxy holder how voting should be executed.

Proxies with voting instructions cannot be registered electronically, and must be sent [e-mail] (scanned form) or by regular Mail to DNB Bank ASA, Registrars' Department, P.O.Box 1600 Centrum, 0021 Oslo, Norway. The form must be received by DNB Bank ASA, Registrars' Department no later than May 20th, 2022 at 16:00 CET. If the shareholder is a Company, the signature must be according to the Company's Certificate of Registration.

The Proxy with voting instructions must be dated and signed to be valid.

THE UNDERSIGNED: ______________________________________________ REF NO: hereby grants the Chair of the Board of Directors (or the person authorised by him or her) proxy to attend and vote for my/our shares at the Annual General Meeting o Lerøy Seafood Group ASA on May 23rd, 2022.

The votes shall be exercised in accordance to the instructions below. If the sections for voting are left blank, this will be counted as an instruction to vote in accordance with the Board's and Nomination Committee's recommendations. However, if any motions are made from the attendees in addition to or in replacement of the proposals in the Notice, the proxy holder may vote at his or her discretion. If there is any doubt as to how the instructions should be understood, the proxy holder may abstain from voting.

Agenda for the Annual General Meeting 2022

For

AgainstAbstention

1 Opening of the general meeting

2

Election of chairperson for the meeting and one person to co-sign the minutes

• 2.a Election of chairperson

• 2.b Election of one person to co-sign the minutes

3 4

Approval of notice and proposed agenda

  

  

  

Approval of the financial statements and Board of Directors' report, including distribution of dividends







5 Stipulation of remuneration of the Board of Directors, the Nomination Committee, the Audit

Committee and the Company's Auditor for 2021

• 5.a Remuneration of the members of the Board of Directors

• 5.b Remuneration of the Nomination Committee

5.cRemuneration of the Audit Committee

5.d Fee paid to the Company's auditor

6

Advisory vote on report on salaries and other remuneration to executive personnel

    

    

    

7 Statement on corporate governance

8

Election of Board of Directors and the Nomination Committee

• 8.a Chairman of the Board: Arne Møgster

• 8.b Board member: Siri Lill Mannes

• 8.c Chairman of the Nomination Committee: Helge Singelstad

• 8.d Member of the Nomination Committee: Morten Borge

8.eMember of the Nomination Committee: Benedicte Schilbred Fasmer

9 10

The Board's proposal regarding renewal of the Board's mandate to purchase treasury shares

The Board's proposal regarding renewal of the Board's mandate to increase the share capital

      

      

      

Place

Date

Shareholder's signature (Only for granting proxy with voting instructions)