Proximar Seafood AS - Key information about the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE 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. 

Bergen, Norway/Yokohama, Japan - 28 April 2023. Reference is made to the stock
exchange announcement by  Proximar Seafood AS ("Proximar" or the "Company")  on
28 April 2023 regarding a successfully placed private placement of new shares
(the "Private Placement").

The Board of Directors has resolved to propose to the Company's extraordinary
general meeting that the Company conducts a subsequent offering (the "Subsequent
Offering") with gross proceeds of up to NOK 15,000,000 by issuing up to
3,000,000 new shares at NOK 5 per share, equal to the subscription price in the
Private Placement.

The Subsequent Offering will, on the basis of a prospectus (the "Prospectus"),
be directed towards eligible shareholders in the Company who are shareholders in
the Company as of 27 April 2023, as registered in the Company's register of
shareholders with Euronext Securities Oslo, the central securities depositary in
Norway (Nw. Verdipapirsentralen) (the "VPS") on 2 May 2023, and who (i) are not
allocated new shares in the Private Placement, and (iii) are not resident in a
jurisdiction where such offering would be unlawful or, for jurisdictions other
than Norway, would require any prospectus, filing, registration or similar
action. Such shareholders will be granted non-tradable allocation rights to
subscribe for, and, upon subscription, be allocated new shares.

In accordance with the continuing obligations for companies listed on the Oslo
Stock Exchange, the following key information is given with respect to the
Subsequent Offering:

o	Date on which the terms and conditions for the subsequent offering were
announced: 27 April 2023
o	Last day of trading in the Company's shares including subscription right: 27
April 2023
o	Ex. date: 28 April 2023
o	Record date: 2 May 2023
o	Date of approval: 11 May 2023 ("EGM")
o	Maximum number of new shares to be issued: 3,000,000
o	Subscription price: NOK 5 per share

The Subsequent Offering is subject to certain terms and conditions, including
completion of the Private Placement, approval by the EGM and approval of the
Prospectus. 

See announcement by the Company on 28 April 2023 for further information.  The
Company's board of directors may, in its sole discretion, decide that the
Company shall not carry out the Subsequent Offering if the prevailing market
price of the Company's shares is lower than the subscription price in the
Subsequent Offering.

ABG Sundal Collier ASA and Arctic Securities AS have been retained as joint
bookrunners, Advokatfirmaet Thommessen  AS is acting as legal counsel to the
Company in connection with the Private Placement. 

This information is published in accordance with the requirements of the Oslo
Stock Exchange Continuing Obligations. An updated investor presentation can be
found on the Company's web page.

For more information, please contact: 
Pål K. Grimsrud, CFO, [phone], [e-mail] 

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act. 


About Proximar Seafood:
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility and production at the foot of Mount Fuji in Japan. The
company has inserted its fifth batch of eggs since October 2022. Through
land-based fish farming, using high-quality ground water secured close to Mount
Fuji, the company will produce fresh Atlantic Salmon, harvested the same day.
Proximar's location, near one of the world's most important fish markets,
implies significant advantages, both in terms of reduced cost and carbon
footprint. 

Important notice
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended (together with any
applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict, and are beyond their control. Such
risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company does not make any
guarantee that the assumptions underlying the forward-looking statements in this
announcement are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
events. You should not place undue reliance on the forward-looking statements in
this announcement. 

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.

Neither the Managers nor any of their affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Managers nor any of its affiliates accepts any liability arising from the use of
this announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe

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