Aker ASA: SalMar Aker Ocean established

Aker ASA: SalMar Aker Ocean established

15 Nov 2021 08:55 CET

Reference is made to the announcement on 26 August 2021 regarding the entering
into of a strategic partnership with SalMar ASA ("SalMar") to establish a global
offshore aquaculture company. The closing of the transaction has now taken place
and the new joint company, SalMar Aker Ocean AS ("Salmar Aker Ocean") has been
established.

SalMar Aker Ocean will operate within offshore fish farming, including offshore
and semi-offshore. By combining Aker and SalMar's industry experience, leading
competence in salmon production, software, and cleantech the aim is to create
the world's most reliable and intelligent offshore farming operations with the
highest requirements for fish welfare and a zero-emissions value chain ambition.

SalMar Aker Ocean will be at the forefront of ensuring sustainable growth on the
salmon's terms. The company will initially focus on establishment of offshore
fish farming in Norwegian waters, which will require establishment of a
regulatory framework for offshore fish farming. SalMar Aker Ocean will
collaborate with Norwegian authorities, the aquaculture industry, and other
interested parties for the establishment of a regulatory framework.

Atle Eide will chair the Board of Directors of SalMar Aker Ocean and Gustav
Witzøe, Kjell Inge Røkke, Øyvind Eriksen and Torger Rød will take on the
positions as board members from today. As announced by SalMar on 9 November
2021, the company has started a process for the recruitment of a new CEO, as the
current CEO of SalMar Aker Ocean Olav Andreas Ervik will step down from the
position during the spring 2022, but continue as an advisor to the company.

"SalMar Aker Ocean and its owners look forward to join forces developing
offshore aquaculture as an important contributor to the future supply of healthy
seafood globally," says CEO in SalMar ASA Gustav Witzøe.

"The efficient closing process underlines SalMar's and Aker's dedication to be
at the forefront of ensuring sustainable growth in the aquaculture industry",
says Witzøe.

-ENDS-

For further information, please contact:

Investors:
Joachim Bjørni, Head of Investor Relations, Aker ASA
Tel: +47 924 22 106
E-mail: [email protected]

Media:
Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA
Tel: +47 907 84 878
Email: [email protected]

More information:
Access the news on Oslo Bors NewsWeb site

Source

Aker ASA

Provider

Oslo Børs Newspoint