29.12.2023 19:18:33 CET | Måsøval AS | Non-regulatory press releases

Reference is made to the press release on 3 May 2023, stating that Måsøval AS
filed a lawsuit against the State, claiming compensation of NOK 29.8 million for
the losses the company incurred after the facility Kattholmen was misdiagnosed
with PD SAV3 in August 2019. The case went to trial in November 2023.

On 23 December 2023, a judgement was rendered in the case, which was served to
the parties on 29 December 2023. The court's conclusion is that the State,
represented by the Ministry of Trade, Industry, and Fisheries, is ordered to pay
Måsøval NOK 12.8 million in compensation for loss of earnings and incurred
expenses as a result of the misdiagnosis, plus accrued interest and delay
interest.

For further information, please contact:

Helge Kvalvik, CEO, + 47 97 97 97 72, e-mail: helge.kvalvik@masoval.no

CONTACTS

 * Helge Kvalvik, CEO, Måsøval AS, +47 979 79 772, helge.kvalvik@masoval.no 

ABOUT MÅSØVAL AS

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of
operational experience. Located in Central Norway in the region west of
Trondheim, Måsøval has both significant farming operations at sea and inhouse
smolt production. Through its majority ownership in the processing and
distribution company Pure Norwegian Seafood AS, Måsøval is processing and
exporting high quality Atlantic salmon to a global marketplace.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847731/2832/3944/Download%20announcement
%20as%20PDF.pdf

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