SinkabergHansen AS plans to build a new smolt facility at Svaberget in Nærøy, through the company Svaberget Smolt AS. Construction is estimated to start in September 2019. AKVA group Land Based Norway AS, a wholly owned subsidiary of AKVA group ASA have participated in the pre-engineering of the project and final stages of contract works is ongoing. Svaberget Smolt AS has confirmed, subject to final negotiations, AKVA group Land Based Norway AS will be awarded the contract for delivery of the processing equipment to the facility. The contract value is approximately 300 MNOK.

Dated: 26 March 2019

AKVA group ASA

Web: www.akvagroup.com


CONTACTS:

Hallvard Muri Chief Executive Officer
Phone:+47 51 77 85 00
Mobile:+47 91 58 07 50
E-mail:hmuri@akvagroup.com


Simon Nyquist MartinsenChief Financial Officer
Phone:+47 51 77 85 00
Mobile:+47 91 63 00 42
E-mail:snmartinsen@akvagroup.com

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AKVA group is the leading provider of technology and services to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.


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