Grieg Seafood ASA: Perpetual Hybrid Callable Bonds - Occurrence of Asset Sale Event under the Bond Terms

Grieg Seafood ASA (the "Issuer") has today notified Nordic Trustee AS of the occurrence of an Asset Sale Event as defined in the terms and conditions (the "Bond Terms") governing its issued FRN NOK 2,000,000,000 Perpetual Hybrid Callable Green Bonds ISIN NO0013498584 (the "Bonds"), and each bondholder is hereby given notice thereof.

Pursuant to the Bond Terms, the occurrence of an Asset Sale Event will entitle each bondholder to require the Issuer to purchase all or some of the Bonds held by that bondholder at a price equal to 105.00 per cent. of the nominal amount for each redeemed Bond (the "Put Option").

The Put Option must be exercised within 28 January 2026 (15 business days after the Issuer has given notice to the bond trustee and the bondholders that an Asset Sale Event has occurred). Once exercised, the bondholders' Put Option is irrevocable.

Reference is made to the attached notice to Nordic Trustee AS. Grieg Seafood ASA -- Notice of occurrence of Asset Sale Event under the Bond Terms For further enquiries, please contact: Magnus Johannesen, CFO Cell phone +47 959 13 243

About Grieg Seafood ASA Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are located in Rogaland in Norway with our headquarter in Bergen, Norway. Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007. Sustainable farming practices are the foundation of Grieg Seafood's operations. The lowest possible environmental impact and the best possible fish welfare is both an ethical responsibility and drive economic profitability. To learn more, please visit www.griegseafood.com The information included in this announcement is publicly disclosed in accordance with section 5-12 of the Norwegian Securities Trading Act.