Following the new equity raising of NOK 74.5 million in the first quarter 2023, BioFish is delighted to announce a vital phase of the production capacity expansion plan is completed. The main items installed and in use are: -a new RAS facility; a new sea-water outlet pipe; a novel automatic water surveillance system; a new grading system; tank based video surveillance system. The above announcement is an important leap in Biofish's plan to utilize the aquaculture license gradually fully for production of up to 5 million smolt and the discharge license up to 2,200 tons. The new facilities are
already in use with various sized fish in the tanks from September/October 2023.