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2016-10-31

Norway Royal Salmon ASA : Completes the acquisition of 50% of Arctic Fish ehf.

Reference is made to the stock exchange announcement published by Norway Royal
Salmon ASA ("NRS") on the 24 August 2016 regarding the announcement of the
directed private placement in Arctic Fish ehf ("Arctic Fish"), thus forming a
joint venture with the existing owners.

NRS will with this notice confirm that all conditions in relevant agreements
have been fulfilled. As a consequence, the total considerations equal to EUR
29 million have been released to Arctic Fish. The share capital increase is
registered, hence NRS holds 2,915,881,927 shares in Arctic Fish, equal to
50.0 per cent of the total shares and votes in the company. The remaining
50.0 per cent ownership in Arctic Fish is controlled by Bremesco Holding Ltd
and Novo ehf, with 47.5 per cent and 2.5 per cent respectively.

The new board of Arctic Fish consists of Svein Sivertsen (Chairman), Charles
Høstlund, Ola Loe, Jerzy Ryszard Malek and Jadwiga Gruzyna Kasprzak.

For further information, please contact:

CEO Charles Høstlund, +47 994 18 449

CFO Ola Loe, + 47 911 79 411

31 October 2016

Norway Royal Salmon ASA

This information is subject to the disclosure requirements pursuant to section 5-12 of the 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: Norway Royal Salmon ASA via Globenewswire

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