Press Release

BioFish – New aquaculture license received

BioFish - New Aquaculture license received

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

BioFish is pleased to announce that its subsidiary BioFish AS (org.#816 984
122), received the new aquaculture license for its production site in BioFish
from "Vestland Fylkeskommune".

This granted aquaculture license includes all the formal licenses from
legislations concerning producing post smolt.

With this granted aquaculture license from "Vestland Fylkeskommune", BioFish
will increase its production accordingly in line with our Green Fish-Farming
philosophy.

For more information please contact:

Torbjørn Skulstad, CEO
+47 483 81 546

Tor Haldorsen, Chairman of the board
+47 932 26 282

About BioFish:
BioFish is a land-based producer of smolt - juvenile fish destined for
aquaculture facilities. The company's production takes place in its production
facility in Kvam on the Norwegian west coast using a Recirculating Aquaculture
System (RAS), which recycles at least 99% of the water used. BioFish' deliver
smolt to salmon farms along the entire Norwegian coast and may also deliver its
products to customers across Northern Europe.
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