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2016-11-26

AKVA group ASA: Information regarding development licenses

The Norwegian Directorate of Fisheries has informed Atlantis Subsea Farming AS
(the "Company") that the Company's concept for submersible farms falls within
the general scope of the scheme for awarding development fish-farming
licenses, and that the Directorate now will consider the concept further with
a view to award one or more licenses. The Company will now engage in a
process with the Directorate of Fisheries were requested additional
information will be provided, including target financial criteria for the
concept. The Company is owned with equal stakes by AKVA group ASA,
Sinkaberg-Hansen AS and Egersund Net AS.

Dated: November 26(th), 2016

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Trude Olafsen General Manager Atlantis Subsea Farming AS
Phone: +47 51 77 85 00
Mobile: +47 915 57 400
E-mail: TOlafsen@akvagroup.com

Hallvard Muri Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 915 80 750
E-mail: HMuri@akvagroup.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AKVA group ASA via Globenewswire

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