NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, HONG
KONG, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD
BE UNLAWFUL

Frøya, 9 June 2022

Reference is made to the offer document dated 17 March 2022 (the "Offer
Document") for the recommended voluntary tender offer by SalMar ASA ("SalMar" or
the "Offeror") to acquire all outstanding shares (the "Shares") in NTS ASA (the
"Company") (the "Offer"). Further reference is made to subsequent stock exchange
announcements relating to the Offer, including 29 March 2022 (extension of
acceptance period in the Offer) and 4 May 2022 (final results of the Offer). 

As previously announced, the Offeror has received acceptances for Shares
representing approximately 52.69% of the Shares in the Company. The Offeror
currently owns no shares in the Company. The consideration offered by the
Offeror in the Offer consists of a combination of (a) 0.143241 newly issued
shares in the Offeror (the "Share Consideration") and (b) NOK 24 in cash (the
"Cash Consideration") per Share (the "Consideration").

Increase of Cash Consideration following NOK 20 dividend by SalMar

The annual general meeting of SalMar has on 8 June 2022 resolved to make a
dividend distribution in the amount of NOK 20 per share in the SalMar (the
"SalMar Dividend"). Pursuant to Section 4.7 (Consideration) and Section 4.15
(Amendments to the Offer) of the Offer Document, the Consideration payable to
shareholders in the Company that have accepted the Offer shall be adjusted to
compensate for the effect of the SalMar Dividend. Accordingly, the Offeror
hereby announces that the Cash Consideration per Share is increased with NOK
2.86482 per Share in the Company to compensate for the effect of the SalMar
Dividend. The adjustment amount has been determined by multiplying the NOK 20
dividend amount with 0.143241 (the number of SalMar shares to be issued per
Share in the Company as part of the Consideration). As such, the Cash
Consideration is increased from NOK 24 per Share to NOK 26.86482 per Share. The
Share Consideration remains unchanged.
 
Oslo Børs, in its capacity as take-over supervisory authority in Norway, has
approved the increase of the Cash Consideration set out herein.

The offer period for the Offer expired on 29 April 2022. Shareholders of the
Company who have validly accepted the Offer will benefit from the increased
Consideration without having to take any further action. The Consideration (as
revised) is still subject to the terms and conditions of the Offer as set out in
the Offer Document.

No other amendment to the Offer than the increase of the Cash Consideration is
made in this announcement. The full terms and conditions of the Offer are set
out in the Offer Document, in the amendment herein and in previously announced
amendments to the Offer. 

Update on conditions for completion of the Offer following proposed merger
between SalMar and Norway Royal Salmon ASA ("NRS")

Reference is made to the proposed merger between SalMar and NRS announced on 30
May 2022 (the "Merger"). As set out in the announcement of the Merger, the
Merger is among other things conditional on NRS acquiring SalmoNor AS
immediately prior to the consummation of the Merger (the "SalmoNor
Acquisition"), and that all conditions for completion of the Offer have been met
or waived (or the Offer has been completed). 

The Offeror will not invoke any of the conditions for completion of the Offer,
specifically condition 3 "Ordinary operation" and condition 7 "No Material
Adverse Change", set out in Section 4.11 (Conditions for completion of the
Offer) of the Offer Document as a result of a completion of the Merger on the
terms and conditions agreed between SalMar and NRS. This does however not entail
that the said conditions as a whole have been waived by the Offeror.

Other than the foregoing, the conditions for the Offer set out in Section 4.11
(Conditions for completion of the Offer) of the Offer Document remains unchanged
and the Merger will not have any other impact on or result in any adjustments to
the Offer.

Arctic Securities AS acts as financial advisor and receiving agent for the Offer
and Advokatfirmaet BAHR AS acts as legal advisor to the Offeror.

For further information, please contact:

Linda Litlekalsøy Aase, CEO SalMar 
Tlf: +47 900 74 413
Epost: linda.aase@salmar.no

Gunnar Nielsen, CFO SalMar
Tlf: +47 960 97 005
Epost: gunnar.nielsen@salmar.no

Håkon Husby, IR-ansvarlig SalMar 
Tlf: +47 936 30 449 
Epost: hakon.husby@salmar.no 

This information is subject to the disclosure duties under the Norwegian
Securities trading Act Section 5 12.

About SalMar 

SalMar is one of the world's largest and most efficient producers of salmon. The
group has farming operations in Central Norway, Northern Norway and Iceland, as
well as substantial harvesting and secondary processing operations in Norway, at
InnovaMar in Frøya, InnovaNor in Senja and Vikenco in Aukra. In addition, the
company is operating within offshore aquaculture through the company SalMar Aker
Ocean. SalMar also owns 50% of the shares in Scottish Sea Farms Ltd. 

See www.salmar.no for more information about the company. 

Important information:
 
The release is not for publication or distribution, in whole or in part,
directly or indirectly,  in  or  into  Australia,  Canada,  Japan,  the United
States (including  its territories and possessions, any  state of the United
States and the  District of Columbia) or any other jurisdiction where such
publication or distribution would violate applicable laws or rules. This release
is an announcement issued pursuant to legal information obligations and is
subject of the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act. It is issued for information purposes only and does not
constitute a notice to a general meeting or a merger prospectus and as such,
does not constitute or form part of any offer to sell or purchase, or
solicitation to purchase or subscribe for any securities, in the United States
or in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. Copies of this announcement are not being
made and may not be distributed or sent into Australia, Canada, Japan, the
United States or any other jurisdiction where such distribution would violate
applicable laws or rules. Neither SalMar ASA nor Norway Royal Salmon ASA, or any
of their advisers assume any responsibility in the event there is a violation by
any person of such restrictions. The distribution of this release may in certain
jurisdictions be restricted by law.  Persons into whose possession this release
comes should inform themselves about and observe any such restrictions. Any
failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction. No adviser of SalMar ASA or Norway
Royal Salmon ASA is acting for anyone else than SalMar ASA or Norway Royal
Salmon ASA, respectively, and will not be responsible to anyone other than such
party providing the protections afforded to their respective clients or for
providing advice in relation to any other matter referred to in this release.
Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements   involve risk and uncertainty because
they reflect current expectations and assumptions as to future events and
circumstances that may not prove accurate. A number of material factors could
cause actual results and developments to differ materially from those expressed
or implied by these forward-looking statements.

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