AKVA group ASA hereby announce that its wholly owned subsidiary, AKVA group Land Based A/S, has been awarded a post-smolt RAS contract with Cooke Aquaculture (Kelly Cove Salmon Ltd), enhancing its leading position in the post smolt facilities market.

The estimated contract value is EUR 14.3 million and the design work will start in August 2022 with commissioning in Q4 2024.

AKVA Group is continuing to strengthen its leading position as a land-based technology provider for both smolt/post-smolt and grow out markets.

Dated: 18 July 2022               
AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Nesse	Chief Executive Officer
Phone:	+47 51 77 85 00
Mobile:	+47 91 37 62 20
E-mail:	knesse@akvagroup.com

Ronny Meinkøhn	Chief Financial Officer
Phone:	+47 51 77 85 00
Mobile:	+47 98 20 67 76
E-mail:	rmeinkohn@akvagroup.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act