AKVA group ASA (“AKVA”) hereby announce that a contract has been awarded from Laxey EHF (“Laxey”) for the design and delivery of a smolt facility at Westman Islands, Iceland. The smolt facility will be developed in three phases and will, when fully completed, provide a production capacity of 15 million smolt per year at 100 grams to support Laxey’s post-smolt and grow-out production. The contract awarded covers all three phases and has a total value of approximately MEUR 28.