Proximar Seafood AS: Bank covenant waived

Bergen/Yokohama, April 27, 2026: In reference to the production update published on April 9, 2026, Proximar is pleased to confirm that its syndicated bank group has formally approved the requested covenant waiver. The waiver relates to the covenant on average two-month sales volumes for the first quarter of 2026, which was impacted by the revised first-quarter harvest plan as previously communicated.

"We are grateful for the constructive dialogue with our syndicate banks throughout this process. Their support reflects a strong and trusted relationship, and we are working with high commitment to deliver on our operational progress," said Joachim Nielsen, CEO.

About Proximar Seafood 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 at our partner Marubeni Corporation’s head quarter in Tokyo. 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.