Today (17 July 2025), Grieg Seafood ASA (“Grieg Seafood” or the “Company”) has entered into an agreement with Cermaq Group AS (“Cermaq”) regarding the sale of Grieg Seafood’s operations in Finnmark and Canada (the “Transaction”). The Transaction comprises all operations in the mentioned regions, which are valued at a total Enterprise Value (EV) of NOK 10.2 billion on a cash- and debt- free basis, assuming a normalised level of net working capital. The Transaction will take place by transfer of the shares in Grieg Seafood Finnmark AS, Grieg Seafood Newfoundland AS and Grieg Seafood Canada AS to Cermaq.

Completion of the Transaction is subject to certain customary conditions, including approval from relevant competition authorities. The Transaction is expected to close within Q4 2025, depending on processing time with relevant competition authorities.

Prior to completion of the Transaction, the Company will undergo an internal reorganisation whereby licences and biomass currently owned by the subsidiary Grieg Seafood Norway AS will be demerged into Grieg Seafood Rogaland Sjø AS and Grieg Seafood Finnmark Sjø AS (which will be part of the Transaction).

Following the Transaction, Grieg Seafood ASA will maintain its strong position in Rogaland with a guided harvest volume in 2025 of 30,000 tonnes (GWT) and well-invested platform for further growth driven by the successful post-smolt strategy in the region.

Please see the attached presentation for details on the Transaction as well as operational- and organisational structure following the Transaction.

Further information on the revised strategic direction of Grieg Seafood ASA will be communicated during the Q2 presentation on 26 August 2025.

DNB Carnegie, a part of DNB Bank ASA, is acting as financial advisor and Wikborg Rein Advokatfirma AS is acting as legal advisor to Grieg Seafood ASA in connection with the Transaction.

Conference call:
Grieg Seafood ASA will host the following conference call:
Call for investors, analysts and stakeholders on 17 July at 08:30 CEST - Meeting details are attached below.

Link:
https://teams.microsoft.com/l/meetup- join/19%253ameeting_NGY2ZmE1MTQtYmU1YS00ZWVlLTg5NjktOGEyNDg1ZjgxZDFj%2540thread
.v2/0?context=%257b%2522Tid%2522%253a%2522af650eaa-f166-4048-8a86- c1bed50150a1%2522%252c%2522Oid%2522%253a%252272e58720-04f2-427b-89e8- 99f4797e511b%2522%257d

Meeting details:
Møte-ID: 382 081 361 800 3
Passord: pE24Zc6V

For investor inquiries, please contact:
Nina Willumsen Grieg, Interim CEO
Phone: +47 953 39 161
Email: nina.grieg@griegseafood.com

Magnus Johannesen, CFO
Phone: +47 959 13 243
Email: magnus.johannesen@griegseafood.com

The information included in this announcement is classified as inside information according to article 7 of the Market Abuse Regulation and is publicly disclosed in accordance with article 17 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act

The stock exchange announcement was published by Magnus Johannesen, CFO, Grieg Seafood ASA, on 17 July 2025 at 06:30 CEST.

About Grieg Seafood ASA
Grieg Seafood ASA is one of the world's leading salmon farmers.

Following completion of the Transaction, our operations will have a more geographically focused footprint in southwestern Norway with farms located in Rogaland and headquarters in Bergen.

Grieg Seafood ASA will remain listed at the Oslo Stock Exchange.

Sustainable farming practices are the foundation of Grieg Seafood's operations. The lowest possible environmental impact and the best possible fish welfare is both an ethical responsibility and drive economic profitability.

To learn more, please visit www.griegseafood.com

Attachments
GSF Announcement Presentation 17 07 2025

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