Nasdaq Iceland welcomes Icelandic Salmon AS to Nasdaq First North Growth Market Iceland

September 29, 2023 - Nasdaq (Nasdaq:NDAQ) announces that trading in the shares
of Icelandic Salmon AS (ticker: ISLAX) will commence today on the Nasdaq First
North Growth Market in Iceland. The company belongs to the Consumer Staples
sector and is the 20th company to be admitted to trading on Nasdaq's Nordic
markets* in 2023. 

Icelandic Salmon AS, the parent company of the Icelandic salmon farming company
Arnarlax ehf., is the largest aquaculture company by production in Iceland. The
company operates eight aquaculture sites in three fjords in the southern part
of Westfjords under the brand of Arnarlax, which has been headquartered in
Bíldudalur since its foundation in 2010. Arnarlax has been at the forefront of
fish farming in Iceland for years, and the company is fully integrated with its
own smoltstations, sea farms, harvesting plants and sales department.
Sustainability is the guiding principle in all the company's operations, with
the goal to produce high-quality products in harmony with nature. Icelandic
Salmon cooperates with the neighboring farmers, the local community,
municipalities and regulators to improve operations and reduce the impact of
its operations on the environment. Icelandic Salmon is listed on the Euronext
Growth market in Norway. More information can be found at www.arnarlax.is 

"We are proud to be listed on the Nasdaq First North Growth Market in Iceland,"
said Bjørn Hembre, CEO of Icelandic Salmon AS. "Arnarlax's operations are well
known to Icelanders, who are also known for their love of seafood and the
importance of sustainable fisheries practices. This listing is an important
milestone in our roadmap for further growth and we are grateful for the
interest we have felt from Icelandic investors. It is therefore our great
pleasure to welcome Icelandic shareholders, large and small to the company. We
look forward to working with them in the future." 

"We warmly welcome Icelandic Salmon to the Nasdaq First North Growth Market,"
said Magnus Hardarson, President of Nasdaq Iceland. "Icelandic Salmon is the
first aquaculture company to list on the Icelandic market, which increases its
breadth and gives investors new opportunities to invest in a very rapidly
growing industry. The listing will increase the company's visibility and
knowledge of aquaculture in Iceland, and we look forward to supporting them
going forward." 

*Main markets and Nasdaq First North on Nasdaq Copenhagen, Nasdaq Helsinki,
Nasdaq Iceland, and Nasdaq Stockholm. 

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     Nasdaq Iceland Media contact:
     Kristín Jóhannsdóttir
     [e-mail]
     [phone]