Norge, 17 November 2022Måsøval Eiendom AS ("Måsøval Eiendom") has today announced that it has engaged ABG Sundal Collier ASAto explore the potential for establishing a partnership in relation to its shareholding in Ice Fish Farm AS(the "Company" or " Ice Fish Farm"). This initiative comes on the back of Måsøval Eiendom receiving incoming interest from several high-quality parties to form partnerships or similar structures. Commenting on the planned initiative, Lars Måsøval, Chairman and CEO in Måsøval Eiendom, stated: " Ice Fish Farmis the largest salmon farmer in Icelandin terms of license capacity, and is the only salmon farmer on the East coast, representing several hundreds of kilometres of coastline. The Company has licenses and applications, and additional capacity within its fjords, to become a significant player in the global salmon farming industry, and be much larger than Måsøval's Norwegian farming operations. Furthermore, the Company has just started this growth journey, and will be stocking about 6 million smolts this year. Hence, we believe it is the right timing for Måsøval Eiendom to explore the possibilities of bringing in a strong partner, alongside ourselves, to support the upcoming growth phase of Ice Fish Farm". Any establishment of a partnership will not change the fundamental objective of Måsøval Eiendom, which is to continue as a long-term shareholder of Ice Fish Farm. The initiated partnership process is expected to be concluded no later than during the first half of 2023. Måsøval Eiendom is fully controlled by members of the Måsøval family, who has been a pioneer within salmon farming since starting in the 1970s with salmon farming operations on the coast of Central Norway. Måsøval Eiendom is today the majority owner of two listed salmon farmers, Måsøval AS and Ice Fish Farm AS. For further information, please contact: Lars Måsøval, +47 91 83 86 84 Important Notice This announcement is not, and does not form a part of, any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, the assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond the Company's control. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company's services, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by forward -looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.
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