Kaldvik AS issues new shares in connection with the acquisition of key assets in the fish farming value chain on the east-coast of Iceland

Group 1 - The company Kaldvik AS has completed the acquisition of 100% of the shares in Mossi ehf and Djupskel ehf, as well as 33.3% of the shares in Bulandstindur ehf [1] - The final purchase price for the shares in Djupskel and Bulandstindur has led to a capital increase of NOK 624,995.20 by issuing 6,249,952 new shares at a subscription price of NOK 27.60 per share [2] - After the capital increase, the company's total share capital will amount to NOK 12,851,120.10, divided into 128,511,201 shares with a nominal value of NOK 0.10 each [3] Group 2 - The final purchase price for the shares in Mossi has been settled at NOK 43,594,165, which will be paid through an unsecured, interest-free seller's credit maturing on 31 December 2025 [4] - Kaldvik has the option to settle the seller's credit in cash or in new shares at the previously mentioned subscription price, with an update to follow on the final decision [4] - Pareto Securities AS and AGP Advokater AS acted as financial and legal advisors respectively for Kaldvik during the transaction negotiations [5]