Sale of shares in Atlantis Subsea Farming

AKVA group ASA (“AKVA”) hereby announces that an agreement has been reached with SinkabergHansen AS regarding the sale of the shares of Atlantis Subsea Farming AS (“ASF”).

In 2018, ASF obtained a development license from the Department of Fisheries. The Directorate of Fisheries has now decided that the development license can be converted into an ordinary exploitation licence.

AKVA owns 33.33% of the shares of ASF and the estimated profit on the sale of the shares will be NOK 35 million. As part of the transaction, AKVA will become the owner of the technology developed by ASF.

Dated: March 18, 2022

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse – Chief Executive Officer

Telephone: +47 51 77 85 00

Mobile: +47 91 37 62 20

Email: knesse@akvagroup.com

Ronny Meinkøhn – Chief Financial Officer

Telephone: +47 51 77 85 00

Mobile: +47 98 20 67 76

Email: rmeinkohn@akvagroup.com

This information is subject to the disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Act.

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About AKVA ASA Group

AKVA group ASA is a global technology and service partner providing technologies and services that help solve biological challenges within the aquaculture industry. Good operational performance and fish welfare ensure sustainability and profitability for the customer. This is the premise of everything we deliver, from simple components to services and complete installations. A thorough knowledge of aquaculture, extensive experience and a great capacity for innovation characterize us and allow us to provide the best solutions for land and sea fish farming.