Norway Royal Salmon ASA (NRS): Updated harvest estimates for 2022 and 2023

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Referring to NTS ASA’s (“NTS”) stock exchange notice of 27 of January 2022 with the publication of an investor presentation.

In connection with publication of NTS’ investor presentation, Norway Royal Salmon ASA (“NRS”) updates on harvest estimates for 2022 and 2023. NRS Farming Norway estimates to harvest ~35,000t head-on-gutted salmon (“HOG”) in 2022 and ~50,000t HOG salmon in 2023. The estimated growth in harvest volumes from 2022 to 2023 is explained mainly by:

- Normalization of Maximum Allowed Biomass (“MAB”) utilization as triploid salmon is phased out

- Implementation of interregional MAB in NRS’ 3 production areas

- Access to more high-quality smolt from new smolt facility and agreement to purchase post-smolt

Farming Iceland estimate a harvest volume of 13,000t HOG in 2022 and 13,000t HOG in 2023, in addition to previously communicated estimate for 2025 of ~24,000t HOG.

Further details will be given in connection with NRS’ Q4 presentation on the 23 of February 2022.

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For further information, please contact:

Interim CEO, Klaus Hatlebrekke, +47 975 16 757

CFO, Ola Loe, +47 911 79 411

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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 disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act