Arctic Fish Holding AS: – End of stabilization and partial exercise of the over-allotment option

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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, 22 March 2021:  Reference is made to the stock exchange notice issued on
19 February 2021 where Arctic Fish Holding AS (the "Company" or "Arctic Fish")
announced the beginning of the stabilization period following a private
placement of new and existing shares in the Company (the "Private Placement")
and admission to trading of the Company's shares on Euronext Growth Oslo (the
"Admission"). 

DNB Markets, a part of DNB Bank ASA ("DNB Markets"), acting as stabilisation
manager has informed the Company that the stabilization period has ended.
Stabilisation activities has been undertaken between 19 February 2021 and 19
March 2021 (the "Stabilisation Period") and comprise a total of 764,641 shares
in the Company, purchased at an average price of NOK 58.0501, as further set out
in the attached end of stabilization notification.

As a consequence of the stabilization activities taken, DNB Markets has informed
the Company that it will exercise in part its over-allotment option and purchase
52,352 shares in Arctic Fish from Bremesco Holding Ltd. (the "Selling
Shareholder") at the offer price in the private Placement of NOK 61.20 per share
and shall redeliver the 764,641 shares purchased through stabilization
transactions to the Selling Shareholder, in accordance with the terms of the
share lending agreement between the parties.

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS acted as Joint
Global Coordinators and Joint Bookrunners and Arion Banki hf acted as Co-Manager
in connection with the Private Placement and the Admission. Advokatfirmaet
Wiersholm AS is acting as legal advisor to the Company, while Advokatfirmaet
BAHR AS is acting as legal advisor to the Managers.

For further information, please contact:
DNB Markets, a part of DNB Bank ASA
Aksel Thue
Tel: +47 23 26 81 01

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. 

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 Arctic Fish believes 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 its control.


The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. Arctic Fish undertakes no 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. 
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 Arctic Fish. Neither the
Company, the Managers nor any of their respective affiliates accepts any
liability arising from the use of this announcement. 

This information is subject of the disclosure requirements pursuant to
Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 section 6 (3).

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© Oslo Bors ASA, source Oslo Stock Exchange


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