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IceFresh™ & HBC®, part of the Hofseth Group, will be present in Davos the week of Jan 19-23 during the World Economic Forum (WEF), to demonstrate how new food technology systems can improve the quality, accessibility and sustainability of seafood.

By Stein Kristian Valldal, Chair of Lakseelvene på Sunnmøre, and Roger Hofseth, CEO of Hofseth

Hofseth’s investment in closed sea-based systems is now moving from planning to construction. The first molds for five closed facilities for salmon production, to be deployed in Storfjorden, are currently being manufactured in Måløy.

Hofseth has today achieved a transformational refinancing of its capital structure through the issuance of a EUR 300 million 1st lien senior secured green bond with a 5-year tenor (the "New Bonds") to institutional investors.

In Hjørungavåg, just outside Hareid, construction of the Havliljen is well underway. This is an entirely new concept for submersible aquaculture technology, developed to ensure better fish welfare and more efficient production.

In March, Hofseth reached a major milestone by releasing the first trout into a submersible cage at Bugane in Storfjorden. This marks the beginning of a new chapter in sustainable aquaculture, as the company becomes the first to test this technology specifically on trout.

On May 22, Hofseth commenced production at the Ålesund Harvest Plant following an extensive renovation. With an investment of 135 million NOK, the facility has doubled its capacity, strengthening its ability to process larger volumes of fish.

Twice a year, Hofseth awards sponsorship funds to local initiatives in the areas where we operate. This spring, we distributed new funds after receiving many applications from engaged local organisations.

Ålesund, 12 February 2025: Hofseth International AS ("Hofseth") has successfully issued a NOK 1.0 billion 5-year senior unsecured bond.

Hofseth International AS (“Hofseth”) has mandated Carnegie AS and SpareBank 1 Markets AS as Joint Bookrunners to arrange a series of fixed income investor meetings, commencing Wednesday 5 February 2025.

We wish all our customers and partners a Merry Christmas and a Happy New Year. 2024 has been an exciting year, and together we have accomplished a lot. We look forward to everything that 2025 will bring, and we're ready to continue delivering healthy and sustainable food to people around the world.

Innovation Norway has decided to provide funding of up to NOK 33.74 million to the project “Like fresh at the source – JustThaw800”, run by Nye Icefresh AS.

With the help of new technology, Hofseth will change how seafood is distributed around the world. The aim is to create an optimal value chain for the delivery of seafood to customers, create better fish quality, limit the carbon footprint and less food waste.

Hofseth International and Hofseth Biocare are the main sponsors of the Norwegian Rowing Federation. We have signed an agreement extending until the Los Angeles Olympics in 2028, and we look forward to contributing to the journey.

There has been a significant milestone in the closed cage aquaculture venture called Egget, with a successful harvest of the first batch of fish. Hofseth aims to lead the development of sustainable aquaculture, and is working towards growth in more closed systems.

Atlanterhavsparken's visitor center continues to attract visitors eager to deepen their understanding of the aquaculture industry. Last year, the center welcomed a total of 192,000 visitors.