Proximar Seafood AS – Mandatory Notification of Trade

Bergen, 3 January 2024. Reference is made to the stock exchange notice published by Proximar Seafood AS (the "Company") on 14 December 2023, regarding the allocation of 70,000,000 new shares in the Company (the "Offer Shares") through a private placement, each at a subscription price of NOK 2.00 per new share, raising gross proceeds of NOK 140 million (the "Private Placement"). Reference is further made to the stock exchange announcement published by the Company regarding the extraordinary general meeting held earlier today whereby all proposals on the agenda were adopted, including the Private Placement. The extraordinary general meeting's approval of the Private Placement entails that all conditions for the allocation of Offer Shares to primary insiders in the Company and close associates to such primary insiders have been fulfilled, and thus triggering a mandatory notification of trade obligation. For more information about the allocation of Offer Shares to primary insiders and close associates see the attached mandatory notification of trade. This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. For further information, please contact: Ole Christian Willumsen, CFO, Proximar Seafood AS Phone: +47 48213429 E-mail: ocw@proximar.com About Proximar Seafood Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility and production at the foot of Mount Fuji in Japan. The company inserted its first batch of eggs in October 2022 and plans first harvest in Q3 2024. Through land-based salmon farming, using high-quality ground water secured close to Mount Fuji, the company will produce fresh Atlantic Salmon, harvested the same day. Proximar's location, near one of the world's most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.