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Regulatory press release

Salmon Evolution: Q3 2022 Operational update - Batch #1 average fish weight now at 3.3 kg and on track for Q4 2022 harvest

Salmon Evolution
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Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) is pleased to announce that the strong biological performance reported in the Q2 2022 presentation has continued for the remainder of the third quarter.

As per 30 September 2022 the batch #1 average weight is estimated to around 3.3 kg with observed individuals well above 4 kg and the Company remains on track for its first commercial harvest in Q4 2022. Batch 1 is now also split into two tanks after having successfully completed the first intra-facility fish transfer process.

The Company has over the last months carried out extensive testing of the product quality with very positive results, confirming good fish health and filet quality, firm meat texture, nice and consistent red meat colour and excellent salmon taste.

Batch 2 was released on 13 July at 125 grams and has continued to demonstrate excellent biological performance, with the average weight now estimated to around 710 grams.

The Company is now in the process of preparing for the next smolt releases, further fish transfer activities as well as the first harvest, with the latter currently expected to take place late October / early November.

Please see the attached presentation for further details on biological performance, biomass and overall status.

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