Reference is made to the warrants (the “Warrants”) issued in connection with the
private placement completed by Biofish Holding AS (the “Company”) in January
2023 (the “Private Placement”) and the subsequent offering (the “Subsequent
Offering”) and resolved by the extraordinary general meeting of the Company held
on 23 January 2023.

Shareholders that have been allocated Warrants have the second opportunity to
exercise the Warrants in the period starting on 12 January 2024 and expiring on
12 February 2024 (the “Second Exercise Period”). To be able to exercise warrants
during the Second Exercise Period, a completed exercise notice form must be
received by Fearnley Securities within the end of the Second Exercise Period by
email to bfish-wts@fearnleys.com.

A letter describing the process, including the exercise notice form, is being
sent to each holder of Warrants.

Any questions may be directed to Fearnley Securities AS:
Tel: +47 22 93 60 00, e-mail: bfish-wts@fearnleys.com.

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