NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN. 

Reference is made to the stock exchange notice from Nordic Halibut AS ("Nordic
Halibut" or the "Company") on 11 December 2023 (the "Stock Notice") regarding
the subsequent offering of up to 500,000 new shares (the "Offer Shares") in the
Company (the "Subsequent Offering") at a subscription price of NOK 20.70 per
share (the "Offer Price"). 

The subscription period for the Subsequent Offering ended today, the 18 December
2023 at 16:30 CET. By the end of the subscription period, the Company had
received valid subscriptions for 275,353 Offer Shares in the Subsequent
Offering. The board of the Company has today resolved that a total of 275,353
Offer Shares will be allocated at the Offer Price in accordance with the
allocation criteria set out in the Stock Notice, raising gross proceeds of
approx. NOK 5.7 million.

Investors that are allocated Offer Shares can access information on the number
of Offer Shares allocated and the corresponding amount to be paid by each
subscriber through VPS or by contacting one of the Managers on or about 19
December. The due date for payment of the Offer Shares is on 20 December 2023.
 
Subject to duly and timely payment of the Offer Shares, the share capital
increase pertaining to the Offer Shares is expected to be registered in the
Norwegian Register of Business Enterprises on or about 21 December 2023 and will
be delivered to the VPS accounts of the subscribers shortly thereafter. The
Offer Shares will have equal rights and rank pari passu with the Company's other
shares. 

Pareto Securities AS and SpareBank 1 Markets AS have been retained as Joint
Managers and Joint Bookrunners (together the "Managers") in the Subsequent
Offering. Wikborg Rein Advokatfirma AS is acting as legal advisor to the
Company, and Advokatfirmaet Wiersholm AS acts as legal counsel to the Managers.


For more information, please contact: 
CEO Edvard Henden, edvard@nordichalibut.no, tel: +47 91 14 11 65 
CFO Kenneth Meyer, kenneth.meyer@nordichalibut.no, tel: +47 45 21 24 24 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. 


Nordic Halibut in brief: 
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target of 4,500 tonnes HOG within 2026
and 10,350 tonnes HOG within 2031. Nordic Halibut will create shareholder value
by pursuing value accretive organic growth through increased production.

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