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Regulatory press release

KING: Agreement for a fully underwritten Private Placement and Q4 2024 Operational Update

The Kingfish Company
Positive outlook for Q4 2024 with volume growth above 50%

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG
KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.

Kats, Netherlands - December 22, 2024

Highlights Q4 2024

o Kingfish has reached an agreement for a fully underwritten EUR 14 million equity
private placement to strengthen the company's balance sheet and ensure liquidity
during ramp-up to full farm capacity
o Positive outlook for Q4 2024 with estimated volume growth exceeding 50%,
reflecting strong market demand and operational scalability
o Increased share of large fish contributing to resilient revenue per kg
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