SalMar - Merger with Wilsgård AS and resolution to increase the share capital

Core Insights - SalMar ASA and Wilsgård Sea Service AS are proceeding with a merger plan involving SalMar Farming AS as the acquiring company and Wilsgård as the transferring company [2] - The valuation of Wilsgård is set at NOK 1,767 million, with 80% of the merger consideration being shares and 20% in cash [3] - SalMar will increase its share capital by NOK 392,054 through the issuance of 1,568,216 shares at a nominal value of NOK 0.25 each, with a share price of NOK 563.38 [4] Company Developments - SalMar currently holds a 37.5% ownership interest in Wilsgård, which has a significant presence in Northern Norway with 5,844 tonnes MAB in licenses [5] - The merger aims to enhance operational efficiency, reduce costs, and improve financial resilience in the fisheries and aquaculture sectors [5] - The completion of the merger is anticipated in summer 2025, pending approval from relevant authorities [6]