Arctic Fish Holding AS is a registered on the Euronext Growth market in Oslo.

Síldarvinnslan has Made an Agreement to Purchase Shares in Arctic Fish Holding

Síldarvinnslan hf. has made an agreement with Bremesco Holding Limited and a group of other shareholders to purchase their accumulated shares of 10,899,684 or 34.2% in Arctic Fish Holding AS.

The total purchase price is NOK 1,089,968,400.- (USD 109,642,646) and the purchase price will be paid in cash which will partly be financed with loan capital.

The operations of Síldarvinnslan and associated companies are located in five places in the Iceland, in addition to the United States and Greenland.

Arctic Fish Holding AS is a registered on the Euronext Growth market in Oslo and the company owns 100% shares in Arctic Fish ehf. which is one of the leading salmon farming companies in Iceland and operates in the Wesfjords, Iceland, where the company has existing fish farming licences of 27,100 tonnes.

Gunnþór Ingvason.

Gunnþór Ingvason, CEO of Síldarvinnslan hf. said, "Salmon farming is a growing industry in Iceland which we have been monitoring for a long period of time. Capital and knowledge has been increasing in the industry and we are of the opinion that there are ample opportunities.

We are purchasing a over a third part in the company, which is in a majority ownership of a Norwegian aquaculture company with extensive knowledge and experience in the field and we are pleased to have the opportunity to work with the current shareholders in the further growth of the company.

The company has been investing and growing in the last years and has ambitious plans for the future. We see opportunities for the co-operation of aquaculture companies in the area.“

About Arctic Fish Holding AS

Arctic Fish Holding AS, together with its subsidiaries, engages in the salmon farming activities in the Westfjords, Iceland. It produces smolt and rainbow trout in the freshwater hatchery. The company also exports its products worldwide. The company was founded in 2011 and is headquartered in Ísafjörður, Iceland. Arctic Fish Holding AS is a subsidiary of Norway Royal Salmon ASA.

Síldarvinnslan operates a complete fish processing plant in Neskaupstaður that specializes in processing pelagic fish.

About Síldarvinnslan hf.

Síldarvinnslan hf. is now one of the largest and most powerful fisheries companies in Iceland and bases its operations on over half a century of experience in fish processing and fishing. The company is the most active in Iceland in the field of fishing and processing of pelagic species and the largest producer of fishmeal and fish oil in the country.

Based in Iceland’s remote Westfjords, Arctic Fish brings the world responsibly farmed fish with the clean taste of Iceland’s pristine waters.

Source: Síldarvinnslan hf.

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