Photo courtesy from Salmon Evolution ASA

Salmon Evolution: Q2 2022 Operational update

NORWAY
Wednesday, July 06, 2022, 03:00 (GMT + 9)

Salmon Evolution ASA ("Salmon Evolution" or the "Company", OSE: SALME) is pleased to announce that the strong biological performance reported in the Q1 2022 presentation has continued for the remainder of the second quarter.

As per 30 June 2022 the batch #1 average fish weight is estimated to around 1.5 kg with observed individuals well above 2 kg. Feeding and growth numbers have continued to significantly exceed expectations, reflecting good water quality and strong fish health and fish welfare. Further, the Company has continued to see low mortality levels.

Over the last weeks the Company has also taken out samples for extensive quality testing. The test results have been very positive, confirming good fish health and filet quality, firm meat texture, nice and consistent red meat colour and excellent salmon taste. Additionally, no issues with early maturation have been observed.

Photo courtesy from Salmon Evolution ASA

The Company is in the process of preparing for the batch #2 smolt release which is now expected to take place in July. Batch #2 smolt volumes will be significantly upsized compared to the initial plan as it will also include the volumes originally intended for release in August. This will further optimize the production plan and provide more operating flexibility along with the upcoming completion of the remaining grow out tanks.

First Smolt Release - Photo courtesy from Salmon Evolution ASA

• Combining the planned June and August smolt release into one batch to be released during July
• This will further optimize the production plan and provide more operating flexibility along with the upcoming completion of the remaining grow out tanks

Click image to enlarge

Going forward the Company intends to publish a similar operational update as soon as possible after the end of each quarter, thereby increasing the reporting frequency.

Source: Salmon Evolution ASA

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