SALMON EVOLUTION FOURTH QUARTER HARVEST SUCCESS

Salmon Evolution fourth quarter harvest success. Land based Norwegian farmer Salmon Evolution ASA has announced that batch #1 was fully harvested out during the fourth quarter with very strong results:

• Total batch #1 harvest volumes of ~340 tonnes HOG at an average weight of ~3.75 kg HOG (~4.5 kg LW)
• Harvest spread over ~1 month in 3 rounds from early November to early December – effective production cycle of around 7-8 months since stocking. Last harvesting round with less than 2% below 3 kg HOG and ~80% above 4 kg HOG
• Strong product quality confirmed through industry leading superior share of 96% for batch #1 as a whole
• Average realised price of NOK 75/kg and NOK 78/kg for Superior 3+ kg HOG

Furthermore, the production ramp up at Indre Harøy is continuing with December seeing all-time high biomass production with more than 175 tonnes despite batch #1 being fully harvested out early in the month.

As per 31 December batch #2 had reached 1.85 kg on average and now consists of two fish groups after being successfully graded on size in November with minimal registered mortality. Batch #2 remains on track for harvest during Q2 2023.

Early December the Company also completed its fourth smolt release consisting of 265,000 smolt, each with an average weight of around 260 grams. Going forward the Company expects to have ‘full size’ batches stocked every second month with the next batch planned for February.

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