Publication of a Company Description

Kaldvík (Ice Fish Farm) has published a Company Description in relation to the 
admission to trading of the Company's Affiliated Shares on Nasdaq First North
Growth Market Iceland. The Company Description, dated 24 May 2024 is attached.

Nasdaq First North Growth Market Disclaimer
Nasdaq First North Growth Market is a registered SME growth market, in
accordance with the Directive on Markets in Financial Instruments (EU 2014/65)
as implemented in the national legislation of Denmark, Finland, Iceland and
Sweden, operated by an exchange within the Nasdaq group. Issuers on Nasdaq First
North Growth Market are not subject to all the same rules as issuers on a
regulated main market, as defined in EU legislation (as implemented in national
law). Instead, they are subject to a less extensive set of rules and regulations
adjusted to small growth companies. The risk in investing in an issuer on Nasdaq
First North Growth Market may therefore be higher than investing in an issuer on
the main market. All issuers applying for admission to trading on Nasdaq First
North Growth Market Iceland have a Certified Adviser who is responsible for
guiding and supporting the company during the listing process. The respective
Nasdaq exchange approves the application for admission to trading. 

Certified Adviser
The Certified Adviser who is responsible for guiding and supporting the company
during the listing process is Arion Bank hf., reg. no. 581008-0150, Borgartún 19, 105 Reykjavík
(hereafter referred to as the “Certified Adviser” or “Arion Bank”), which is a
member of and has an agreement with Nasdaq Iceland hf., is the Certified Adviser
for the Company in its application and listing process on First North. Arion
Bank holds a full banking license under the Icelandic Act on Financial
Undertakings No. 161/2002 and is regulated by the Financial Supervisory
Authority of the Central Bank of Iceland.

Contacts:
Guðmundur Gíslason, CEO of Kaldvík (ICE FISH FARM): +354 896 0426
Róbert Róbertsson, CFO of Kaldvík (ICE FISH FARM): +354 843 0086

Attachment

• Kaldvík (Ice Fish Farm) - Company Description

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