Lerøy Seafood Group ASA: Scottish Sea Farms Ltd. Enters into a Share Purchase Agreement to Acquire Grieg Seafood Hjaltland UK Ltd.

Scottish Sea Farms Ltd. (“SSF”), a vertically integrated Scottish salmon farming company owned 50/50 by Lerøy Seafood Group ASA and SalMar ASA, has today, 29th June 2021, signed a Share Purchase Agreement to acquire 100% of the Shares in Grieg Seafood Hjaltland UK Ltd. (“GSHU”) from Grieg Seafood ASA (the “Transaction”). The purchase price on a cash and debt free basis, and assuming a normalized level of working capital, is set to GBP 164 million.