Norway Royal Salmon ASA (NRS): Biological challenges in Dyrafjordur for the subsidiary Arctic Fish in Iceland

[PRESS RELEASE] 12 February 2022: Arctic Fish has been experiencing severe biological issues in two of its sites

in Dyrafjordur, Iceland. The total estimation of mortality is under review but

is estimated to be 1.5-2.0 thousand tonnes of large size fish that was ready for

the market.  All efforts are being made to handle this efficiently, which

include speeding up harvesting in these two sites in the coming weeks.  Our

excellent employees in Iceland have made great efforts in handling the situation

in the best possible manner.

The main root cause for the mortality is related to reduced fish health, which

could have been caused by stress due to handling.  Secondary complications

related to limitations on harvesting capacity may also have impacted the fish

health.

This event will have an impact on the results in Q1 of 2022 as well as the

harvesting estimates for the year.

Further clarification regarding material effects of the event will be addressed

in the presentation of the Q4 result son the 23rd of February 2022.

For more information, please contact:

Interim CEO Klaus Hatlebrekke, +47 975 16 757

CFO Ola Loe, +47 911 79 411

About NRS:

The Norway Royal Salmon (NRS) group owns 36 085 tonnes MAB for salmon farming

located in Troms and Finnmark, and 17 800 tonnes MAB for salmon farming and 5

300 MAB for trout farming in Iceland through the company Arctic Fish. In

addition, the group has minority interest in two associated Norwegian fish

farming companies which together own 9 fish farming licenses. NRS is an

attractively positioned fish farming group, which offers salmon to the market

through its own sales organisation. For further details, please visit

www.norwayroyalsalmon.com.

This information is subject to the disclose requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

The original press release can be found at the Euronext.com website.