Proximar Seafood AS (?Proximar? or the "Company") has through its subsidiary, Proximar Ltd, taken ownership of the entire fish farming facility in Oyama, Japan. This marks the end of the Company?s construction works of the first commercial Atlantic salmon farming facility built in Japan.

Proximar?s Japanese construction partner, Daiwa House, completed the construction works of the grow-out building in August. The handover follows the completion of inspections by relevant authorities, third parties and Proximar. proves the significant progress in Japan.

With the construction now behind us, company can switch all the focus over to operations and production, where company remain In conjunction with the handover, Proximar Ltd. has also completed the second and final drawdown of the JPY 8.8 billion blue-sustainability loan provided by Mizuho Bank, Shizuoka Bank and Development Bank of Japan. The second drawdown is marking the continued strong support shown by the Company?s Japanese banks.