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Private placement successfully placed

Reference is made to the stock exchange announcements made by Nordic Aqua Partners A/S (“NOAP” or the “Company”) on 7 February 2023, regarding the intention to carry out a private placement (the "Private Placement") of new shares in the Company.

Following close of the bookbuilding period, the Company is pleased to announce that the Private Placement has been successfully placed, and that its Board of Directors (the "Board") has conditionally allocated subscriptions for 4,615,384 offer shares (the "Offer Shares") at a subscription price per share of NOK 65 (the "Offer Price"), raising approximately NOK 300 million in gross proceeds.

The pre-committing investors Kontrari AS and Israel Corporation Ltd. were conditionally allocated 2,751,670 and 1,375,835 Offer Shares respectively, corresponding to approximately NOK 179 million and NOK 89 million.

The net proceeds to the Company from the Private Placement will be used to accelerate the Company's project to expand the production capacity of Atlantic salmon from 4,000 tonnes p.a. to 8,000 tonnes p.a. at the facilities in China, as well as for general corporate purposes.

Completion of the Private Placement is subject to the conditions set out in the launch notice on 7 February 2023, including the necessary corporate resolutions and that the Offer Price is not below fair-market value at the time of such resolutions.

Upon satisfaction of the above, the Private Placement will be settled on a delivery versus payment basis (unless agreed otherwise with an investor), to be facilitated by a share lending agreement with Kontrari AS, as set out in the notice on 7 February 2023.

Notification of conditional allocation, including settlement instructions, is expected to be distributed by the Managers (as defined below) on or about 10 February 2023, with settlement on or about 3 March 2023.


Pareto Securities AS and SpareBank 1 Markets AS are acting as Joint Managers and Joint Bookrunners in connection with the Private Placement (the "Managers").

Poul Schmidt Kammeradvokaten is acting as Danish legal advisor to the Company and Wikborg Rein Advokatfirma AS is acting as Norwegian legal advisor to the Company in connection with the Private Placement, while Advokatfirmaet Schjødt AS is acting as legal advisor to the Managers.

The notice to Oslo Børs.