NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTOAUSTRALIA ,CANADA ,JAPAN ,HONG KONG ,SOUTH AFRICA ORTHE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange notice fromNorcod AS ("Norcod" or the "Company") on22 March 2024 regarding the start of the subscription period in the subsequent offering (the "Subsequent Offering") of up to 1,333,333 new shares (the "Offer Shares ") at a subscription price ofNOK 12 per share (the "Offer Price "). The subscription period for the Subsequent Offering ended on Thursday 4 April at16:30 CET . By the end of the subscription period, the Company had received valid subscriptions for approximately 208,823 shares in the Subsequent Offering. The board of the Company has today resolved that a total of 208,823 offer shares will be allocated at the Offer Price in accordance with the allocation criteria set out in the registration prospectus, raising gross proceeds ofNOK 2,505,876 . Notifications of allocatedOffer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber. Investors that are allocatedOffer Shares can access information on the number ofOffer Shares allocated through VPS on8 April 2024 . The due date for payment of the Offer Shares is on8 April 2024 . Subject to duly and timely payment of the Offer Shares by the subscribers, the share capital increase pertaining to the Offer Shares is expected to be registered in theNorwegian Register ofBusiness Enterprises on or about9 April 2024 and will be delivered to the VPS accounts of the subscribers shortly thereafter. The Offer Shares will have equal rights and rank pari passu with the Company's other shares.ABG Sundal Collier ASA is acting as bookrunner for the Subsequent Offering (the "Manager").Advokatfirmaet Haavind AS is acting as legal counsel to Norcod. For more information, please contact:Christian Riber , CEO,Norcod AS Tel: +47 905 37 990 E-mail: cr@norcod.no About Norcod:Norcod AS' core business is commercial sea farming of cod but through ownership and partnerships is involved in the entire value chain. Norcod's existing fish farms are located in Mid-Norway with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed onOslo's Euronext Growth market. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).
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