Oslo, 6 September 2023, Notification of trade
Geveran Trading Co. Limited ("Geveran") has, on 6 September 2023, settled a
total return swap ("TRS") agreement in Mowi ASA ("Mowi") with underlying
financial exposure to 4,000,000 shares in Mowi expiring today. Geveran has
subsequently entered into a new total return swap agreement with exposure to the
same number of underlying shares in Mowi with an expiry date on 6 December 2023
and a strike price of NOK 193.75 per share. Geveran also owns 74,289,287 shares
in Mowi, equal to 14.37 percent of the issued shares and votes in Mowi. However,
Geveran has lent out 500,000 of its shares in Mowi and, as a result, currently
only holds 73,789,287 shares in Mowi, equal to 14.27 percent of the issued
shares and votes in Mowi. Following the TRS swap and including the shares owned
minus the lent shares, Geveran's financial exposure in Mowi is unchanged at
77,789,287 shares representing 15.04 percent of the share capital of Mowi.
This disclosure is made pursuant to sections 4-2 and 4-3 of the Norwegian
Securities Trading Act and is subject to the disclosure requirement pursuant to
section 5-12 of the Norwegian Securities Trading.