Oslo, 7 June 2023, Notification of trade
Geveran Trading Co. Limited ("Geveran") has, on 7 June 2023, settled a total
return swap ("TRS") agreement in Mowi ASA ("Mowi") with underlying financial
exposure to 4,000,000 shares in Mowi expiring today. Geveran has subsequently
entered into a new total return swap agreement with exposure to the same number
of underlying shares in Mowi with an expiry date on 6 September 2023 and a
strike price of NOK 189.7845 per share. Geveran also owns 74,289,287 shares in
Mowi, equal to 14.37 percent of the issued shares and votes in Mowi. However,
Geveran has lent out 500,000 of its shares in Mowi and, as a result, currently
only holds 73,789,287 shares in Mowi, equal to 14.27 percent of the issued
shares and votes in Mowi. Following the TRS swap and including the shares owned
minus the lent shares, Geveran's financial exposure in Mowi is unchanged at
77,789,287 shares representing 15.04 percent of the share capital of Mowi.
This disclosure is made pursuant to sections 4-2 and 4-3 of the Norwegian
Securities Trading Act and is subject to the disclosure requirement pursuant to
section 5-12 of the Norwegian Securities Trading Act.