Salmon Evolution ASA: Establishment of long-term incentive program for executive management - granting of share options to primary insiders

The board of directors of Salmon Evolution ASA (the "Company") has on 26 August 2021 established a share option program for members of the Company's executive management where a total of 6,900,000 share options have been granted, equal to approximately 2.26% of the shares currently outstanding in the Company. The options will be issued on an annual basis with 1/3 each year, with issue dates being 31 August 2021, 1 June 2022 and 1 June 2023. Issued options vest 50% after year one and 50% after year two. A total of 2,300,000 share options were granted at a strike price of NOK 9.00 per share, and a total of 4,600,000 share options were granted at a strike price equal to the closing price of the Company's shares on Oslo Børs on the last trading day prior to the respective future issue dates + 15%. Each option gives the option holder a right to purchase one share in the Company. The Company may honor options when exercised by delivering either new shares, treasury shares or settlement in cash, at the discretion of the Company. The options were granted to the following primary insiders: · Håkon André Berg (CEO): 3,000,000 options. Following the grant, Håkon André Berg holds a total of 3,450,000 options and 160,075 shares in the Company (directly or indirectly through Carried Away AS). · Trond Håkon Schaug-Pettersen (CFO): 2,400,000 options. Following the grant, Trond Håkon Schaug-Pettersen holds a total of 2,775,000 options and 166,666 shares in the Company. · Ingjarl Skarvøy (COO): 750,000 options. Following the grant, Ingjarl Skarvøy holds a total of 850,000 options and 1,800,150 shares in the Company (directly or indirectly through Terra Mare AS). · Kamilla Mordal Holo (Project Director): 750,000 options. Following the grant, Kamilla Mordal Holo holds a total of 850,000 options and 60,060 shares in the Company (directly or indirectly through C10 Holding AS). Following the grant, the total number of outstanding options in the Company are 8,525,000. Primary insider notifications pursuant to the market abuse regulation article 19 are attached. For more information, please contact: Trond Håkon Schaug-Pettersen, CFO (+47 911 91 327) About Salmon Evolution Salmon Evolution is a Norwegian land-based salmon farming company focused on extending the ocean's potential by transferring the best preconditions offered by the sea to farm fish on land through its hybrid flow-through system technology (HFS). This secures a truly sustainable production process with controlled and optimal growth conditions and limiting operational and biological risk. The Company's first production facility is under construction at Indre Harøy, strategically located on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure for salmon farming, and an educated and experienced work force. The entire project is designed for an annual capacity of approx. 31,500 tonnes HOG. The Company has also entered into a joint venture with Dongwon Industries where the parties will develop, construct and operate a land-based salmon farming facility in South Korea with an annual production capacity of 16,800 tonnes HOG, using Salmon Evolution's HFS technology. Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME. To learn more, please visit www.salmonevolution.no. This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.