Statt Torsk ASA - Subsequent Offering successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 5 January 2023: Reference is made to the stock exchange notices from Statt
Torsk ASA ("Statt Torsk" or the "Company") in relation to a potential subsequent
offering (the "Subsequent Offering") of up to 5,882,352 new shares (the "Offer
Shares") at a subscription price of NOK 1.70 per new share (the "Offer Price"),
being identical to the subscription price in the private placement completed on
8 December 2022, raising gross proceeds of up to NOK 10 million. 

The subscription period expired on 4 January 2023, at 16:30 (CET). By the end of
the subscription period, the Company has received valid subscriptions for
1,876,507 Offer Shares in the Subsequent Offering. All the subscribers will
receive the full number of shares subscribed for, raising gross proceeds of
approximately NOK 3,190,062.   

The board of directors of Company has today, pursuant to an authorization
granted by the Company's extraordinary general meeting held on 20 December 2021,
resolved to issue 1,876,507 new shares at the Offer Price. Subject to timely
payment for the Offer Shares, the Offer Shares is expected to be delivered to
the subscribers VPS accounts on or about 13 January 2023. 

Notifications of allocated Offer Shares and the corresponding amount to be paid
by investors are expected to be communicated to investors on or about 5 January
2023, with payment date on 10 January 2023. Investors who have access to
investor services through their VPS account manager should be able to see how
many Offer Shares they have been allocated from on or around 5 January 2023. The
Manager may also be contacted for information regarding allocation, payment, and
delivery of the shares in the Subsequent Offering.

Following the issue of the new shares, the Company will have a share capital of
NOK 21,216,910.50 divided into 212,169,105 shares, each with a nominal value of
NOK 0.10.  

SpareBank 1 Markets AS is acting as Sole Bookrunner in connection with the
Private Placement. Ro Sommernes is acting as legal advisor to the Company and
Advokatfirmaet Wiersholm AS is acting as legal advisor to the Manager.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange notice
was published by Bjug Borgund, CFO of the Company, on 5 January 2023 at 15:15
CET. 

For more information; statt.no or contact:

Gustave Brun-Lie, CEO, [e-mail] 
Bjug Borgund, CFO, [e-mail] 

About Statt Torsk ASA 
Statt Torsk ASA is listed on Euronext Growth with ticker STATT and with
operations in Stad municipality. The company produces and sells farmed Atlantic
cod. In 2016-2021, the company carried out three pilot productions to clarify
whether commercial production was possible. The company is now in commercial
production with currently two sites in Vanylvsfjorden.

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.

Copies of this announcement are not being made and may not be distributed or
sent into any jurisdiction in which such distribution would be unlawful or would
require registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 as amended (together with any
applicable implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

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 believe that these assumptions were reasonable
when made, these 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 their control. Actual
events may differ significantly from any anticipated development due to a number
of factors, including without limitation, changes in public sector investment
levels, 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 such forward-looking statements. The Company does not make any
guarantee 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 announcement.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.

Neither the Manager, the Company, nor any of their affiliates, makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the Manager
nor any of their affiliates accepts any liability arising from the use of this
announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

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