Proximar Seafood AS: Update on funding situation

Bergen/Yokohama, 30 October 2026

Reference is made to the announcement by Proximar Seafood AS ("Proximar" or the "Company") on 27 October 2026 regarding the Company's liquidity and financing situation.

The main shareholders and creditors in the Norwegian parent company are in continued discussions to find a funding solution that enables the Company to obtain necessary short-term liquidity, and to facilitate a potential refinancing. The Company, together with its financial advisor ABG Sundal Collier, is taking part in the discussions, while in parallel working to secure other potential means to meet the short-term liquidity need.

No agreement has been reached as of the time of this announcement. It is expected that the discussions will continue over the weekend, without any certainty that a final solution will be reached.

The Company will keep the market informed as the situation evolves.

For further information, please contact: Pål Selvik, Chair of the Board: pse@proximar.com Joachim Nielsen, CEO: jn@proximar.com

Media enquiries: Magnus Granerød, Salto Advisers, +47 922 38 407, mg@saltoadvisers.no

About Proximar Seafood AS Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility and production at the foot of Mount Fuji in Japan. The company inserted its first batch of eggs in October 2022 and carried out its first harvest on 30 September 2024. Proximar's brand and logo (Fuji Atlantic Salmon) were officially launched in October 2024. Through land-based salmon farming, using high-quality groundwater secured close to Mount Fuji, the company produces fresh Atlantic Salmon, harvested the same day. Proximar's location, near one of the world's most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.