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Regulatory press release

Icelandic Salmon AS - Annual report 2021

Icelandic Salmon
Annual Report for 2021

Bildudalur, 26 April 2022

Icelandic Salmon AS (Euronext Growth Oslo: ISLAX) announces that it has
published its Annual Report 2021, which was approved by the board of directors
on the 22 April 2022.

"Arnarlax has made significant progress during 2021. The company delivered on
its core mission throughout the year: to produce sustainable and excellent
quality Icelandic salmon. This has led to an exciting 2021 with plenty of
activity in the Westfjords of Iceland.

"Representing our first full year on the Oslo Stock Exchange, we also reported
record-high operating profits. This is the result of several positive events
during the year, including enhanced company branding leading to increased sales
to the US and strengthened operations," commented Björn Hembre, CEO of Icelandic
Salmon and Arnarlax.

The Annual Report for 2021 is attached to this notice and is also available on
the company's website, www.arnarlax.is, under Investors.

For further information, please contact:

CEO Björn Hembre
Tel: +47 913 47 432
Email: bjorn@arnarlax.is

CFO Jónas Heiðar Birgisson
Tel: +354 414 0609
Email: jonas@arnarlax.is
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