Nordic Aqua Partners A/S – Mandatory notification of trade

Reference is made to the stock exchange announcement made by Nordic Aqua Partners A/S ("NOAP" or the "Company") on 1 March 2023, relating to the private placement of 4,615,384 new shares in the Company (the "Private Placement").

In the Private Placement, Vegard Gjerde, board member of the Company and primary insider, subscribed for, indirectly through Have Holding AS, and was allocated 20,000 shares in NOAP at a subscription price of NOK 65 per share.

Ove Nodland, a board member of the Company and primary insider, subscribed for and was allocated 16,988 shares in the Company at a subscription price of NOK 65 per share.

Kontrari AS ("Kontrari"), a close associate of Vegard Gjerde, subscribed for and was allocated 2,751,670 shares in NOAP at a subscription price of NOK 65 per share.

Furthermore, on the basis of a share lending agreement with Sparebank 1 Markets AS ("SB1M"), Kontrari has lent 487,879 shares in the Company to SB1M to be delivered to investors in the Private Placement on a delivery vs payment basis.

This information is subject to the disclosure requirements pursuant to the EU Market Abuse Regulation Article 19 and section 5-12 of the Norwegian Securities Trading Act.

For further queries, please contact:

Hjalti Hvítklett, CFO, +298 221222, hjalti@nordicaquapartners.com