Highlights:
o  Sales revenues came in at 12.73 NOKm this quarter compared to 2.35 NOKm same
period last year. The 441% YoY improvement was to a large extent related to the
Hotel, Restaurants and Catering (HoReCa) market being mainly closed last year.
However, seeing a noticeably improvement during the quarter we remain confident
that the halibut market will normalize during the second half of 2021 as our
main markets Norway, UK and US, reopens.
o  Harvest volumes in second quarter 2021 was 117.0 tonnes HOG vs 21.0 tonnes
HOG in 2Q20 (+458% YoY). Nordic Halibut still expect a total harvest of 425
tonnes HOG in 2021. 
o  The company achieved a price in 2Q of NOK 108.6 vs. NOK 109.8 in 2Q20 which
was more or less unchanged YoY (-1%).
o  This quarters result after tax was -17.66 NOKm vs. -16.21 NOKm in 2Q20.

o  The company raised 115 NOKm in new equity and was successfully listed on
Euronext Growth Oslo 26th of April. The rationale behind the capital raise was
to fund the company's business plan, which is; (i) to grow harvest volumes in
two phases: to 4500 tonnes in 2026 and 9000 tonnes in 2030 (HOG) and (ii) to add
value-added products to the portfolio.
o  Atle Jacobsen was hired as Chief Commercial Officer in April and he will be
responsible for all market activities, including the development of the future
VAP products.

For more information, please contact:
CEO Edvard Henden, edvard.henden@nordichalibut.no, +47 91 14 11 65
CFO Odd Weidel, odd.weidel@nordichalibut.no, +47 90 68 59 20
 
About Nordic Halibut:
Nordic Halibut AS is a company based in Western Norway and with headquarters in
Averøy, Nordmøre. The Company is a leading farmer of Atlantic halibut and has a
fully integrated value chain from genetics to sales. Due to the significant
breakthrough in early phase production the company is currently implementing a
growth plan to expand production volumes considerably. Nordic Halibut will
create shareholder value by pursuing value accretive organic growth through
increased production.

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