(Bergen, 10 March 2026). Mowi is pleased to announce that we have entered into a
Transaction Agreement to purchase all of Torghatten Aqua AS's salmon farming
seawater business. Torghatten Aqua is a salmon farming conglomerate in
production area 8 in Northern Norway that is engaged in several activities
including renting out salmon licenses and seawater sites (joint operation
agreement with a third party) to school activities, land-based salmon farming
and consulting. Upon Mowi's acquisition of Nova Sea last year, we became the
owner of a 33.34% stake in Torghatten Aqua.
Mowi has now entered into an agreement to carve-out and purchase 3.37 licenses
in total (2,628 tonnes maximum allowed biomass)