NORCOD: Notice of extraordinary general meeting in connection with the Private Placement and Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA 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.

Reference is made to the stock exchange notice from Norcod AS (the “Company”) on 12 May 2026 regarding the successful completion of a private placement of 8,508,577 new shares in the Company at a subscription price of NOK 10 per share (the “Offer Price”) raising, together with the shareholder loan from Jerónimo Martins Agro-Alimentar S.A, total gross proceeds of approximately NOK 100 million (the “Private Placement”) and a potential subsequent offering of new shares at a price equal to the Offer Price (the “Subsequent Offering”).

The Company hereby calls for an extraordinary general meeting to be held on 27 May 2026 at 10:00 (CEST) at the Company's premises to resolve:

(i)            Capital increase to issue the shares in the Private Placement; and
(ii)           Authorisation to carry out and to issue shares in the Subsequent Offering.

The notice and agenda of the general meeting are attached to this stock exchange announcement and will also be made available on the Company's webpage.

For further information, please contact:
Christian Riber, Chief Executive Officer, phone: +47 905 37 990, E-mail: cr@norcod.no
Stian Hansen, Chief Financial Officer, phone: +47 481 78 846, E-mail: sh@norcod.no

About Norcod:
Norcod's core business is commercial sea farming of cod and is involved in the entire value chain through ownership and partnerships. Norcod's existing fish farms are located in Mid-Norway and along the Helgeland coast with ideal conditions for cod. The company is contributing to blue ocean value creation with minimal impact on the environment while supporting local communities. Norcod is listed on Oslo's Euronext Growth market.