Vesterålen Havbruk As agreed to acquire Statt Torsk ASA on August 16, 2023. The parties have signed transaction agreement on September 15, 2023. The proposal values the equity in Statt Torsk at NOK 255 million (implying a value per share of NOK 1.20) and Vesterålen Havbruk at NOK 610 million. The potential transaction is contemplated to be settled in Vesterålen Havbruk shares and may involve a delisting of Statt Torsk shares from trading on Euronext Growth Oslo. As part of the business combination, Statt Torsk may temporarily modify its plans to transfer juveniles to its Rekvika site. As of November 14, 2023, the all boards involved in the transaction has approved the transaction. The Merger and the Delisted were approved by the Company?s extraordinary general meeting on December 19, 2023. On December 20, 2023, the Merger was registered with the Norwegian Register of Business Enterprises. The Merger and the Delisting are expected to be completed during February 2024. Advokatfirmaet Thommessen AS and Advokatfirmaet Grette AS acted as Legal advisor to Vesterålen Havbruk As, Ro Sommernes Advokatfirma acted as legal advisor to Statt Torsk ASA. Pareto Securities AS and SpareBank 1 Markets AS served as financial advisors to Statt Torsk

Vesterålen Havbruk As completed the acquisition of Statt Torsk ASA on February 1, 2024.