Norway Royal Salmon ASA (NRS): Change in CEO

Trondheim, 30 September 2021. The CEO of Norway Royal Salmon ASA (“NRS”), Charles Høstlund, will resign from his position as CEO. Klaus Hatlebrekke, currently COO Business Development, will step in as interim CEO. The appointment is effective as of today 30 September 2021.

As the company enters an initiation of strategic dialogue with NTS ASA regarding potential combination with SalmoNor, Charles Høstlund and The Board is in an agreement that it is good timing for a CEO change.

Charles Høstlund will continue as board member of Arctic Fish (Iceland) and associated farming companies in Norway. He will for a transitional period remain available for the board and management team of NRS.

“I am proud and humble to have been trusted to lead the company in this interim period and look forward to start the strategic dialogue between the companies. Our values, employees and investments forms a good foundation for realizing our potential”, says Klaus Hatlebrekke.

“It has been a privilege to lead this team of collages for the last 7 years. Norway Royal Salmon is committed by its name and this commitment is truly visible in the way we interact both within the company and with customers and partners. I am proud of what we have developed and NRS is well positioned for future growth”, says Charles Høstlund.

I would like to thank Charles Høstlund for his commitment and achievements and wish him the best of luck in future endeavors, says Helge Gåsø – Chairman of the board of NRS.

For more information, please contact:

Chariman Helge Gåsø, +47 901 01 101

Interim CEO Klaus Hatlebrekke,  +47 975 16 757

About Norway Royal Salmon:

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 on 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