Salmones Camanchaca SA announces the terms and conditions relating to the share capital increase by way of rights offering

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UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THE PRESS RELEASE.

Salmones Camanchaca SA announces the terms and conditions relating to the share
capital increase by way of rights offering

November twenty third, 2021 - Reference is made to the inventory change launch on October
18th, 2021 the place Salmones Camanchaca SA ("Salmones Camanchaca" or the "Company")
introduced the outcomes of the extraordinary basic assembly the place an increase of
the capital inventory in the quantity of up to US $ 30,000,000 by issuance of up to
12,000,000 shares was permitted, and it was additional resolved to authorise the
board of administrators of the Company to set the ultimate placement value of the
shares, the date and conditions of the issuance to be carried out and different
associated issues with stated capital increase, in addition to every little thing associated to the
process to be adopted in such respect (the "Offering").

The board of administrators of the Company has now resolved and decided the terms
and conditions for the Offering. Set out under are the key terms for the
Offering pertaining to buyers who holds securities in the Company listed on
the Oslo Stock Exchange (the "OSE Offering"):

o	In complete, the capital inventory of the Company which can be provided to present
buyers represents 8,500,000 new shares, with out par worth, a portion of which
can be obtainable for buyers holding securities in the Company listed on the
Oslo Stock Exchange (the "Offer Securities") Following the completion of this
Offering, the board of administrators of the Company will proceed to be authorised
to problem an additional 3,500,000 shares.

o	The subscription value in the OSE Offering is ready at the NOK equal of CLP
2,350 (the "Subscription Price")
o	Investors who maintain securities listed on the Oslo Stock Exchange as of November
twenty fourth, 2021 (and being registered as such in Euronext VPS ("VPS") on November
twenty sixth, 2021 (the "Record Date"), can be granted subscription rights (the
"Subscription Rights") in the OSE Offering that present preferential rights to
subscribe for, and be allotted, Offer Securities at the Subscription Price.
o	Provided that the supply of traded securities on the Oslo Stock Exchange is
made inside unusual T+2 settlement in the VPS, securities that have been acquired
till and together with November twenty fourth, 2021 will give the proper to obtain
Subscription Rights, whereas securities which might be acquired from and together with
November twenty fifth, 2021 won't give the proper to obtain Subscription Rights.
o	Each eligible investor can be granted 0.12878787 Subscription Right for each
present safety registered as held by such particular person on the Record Date. Each
Subscription Right will give the proper to subscribe for, and be allotted, one
Offer Security in the OSE Offering. Over-subscription and subscription with out
Subscription Rights won't be permitted.
o	The subscription interval in the OSE Offering will begin at 09:00 hours (CET)
on December 2nd, 2021 and finish at 16:30 hours (CET) on December sixteenth, 2021 (the
"Subscription Period").
o	The Subscription Rights won't be listed or traded on the Oslo Stock
Exchange. 
o	Subscription Rights that aren't used to subscribe for Offer Securities earlier than
the expiry of the Subscription Period can have no worth and will lapse with out
compensation to the holder.

Eligible buyers who want to train their Subscription Rights by subscribing
for Offer Securities ought to contact DNB Markets, a component of DNB Bank ASA, at +47
23 26 80 20 / [email protected]
Other info: 
The Offering directed at buyers in Norway and the EEA is exempt from the
obligation to publish a prospectus due to the measurement of the Offering in such
jurisdictions. Accordingly, no prospectus can be ready or printed in
reference to the Offering.

Further info and contact:
For additional info, please contact:
Marta Rojo, Finance Director & Head of IR, [email protected]
Alvaro Marín, IR, [email protected]

This info is taken into account to be inside info pursuant to the EU
Market Abuse Regulation and is topic to the disclosure necessities pursuant
to Section 5-12 the Norwegian Securities Trading Act. This inventory change
launch was printed by Alvaro Marin, Investor Relations, Salmones Camanchaca
on November twenty third, 2021 at 23:15 CET.

Important Notice:
This announcement is just not and doesn't kind a component of any provide to promote, or a
solicitation of a proposal to buy, any securities of the Company.

Neither this announcement nor any copy of it could be made or transmitted into the
United States, or distributed, straight or not directly, in the United States.
Neither this announcement nor any copy of it could be taken or transmitted
straight or not directly into Australia, Canada, Japan, Hong Kong, New Zealand or
South Africa or to any individuals in any of these jurisdictions, besides in
compliance with relevant securities legal guidelines. Any failure to adjust to this
restriction might represent a violation of nationwide securities legal guidelines. The
distribution of this announcement in different jurisdictions could also be restricted by
legislation and individuals into whose possession this announcement comes ought to inform
themselves about, and observe, any such restrictions. This announcement doesn't
represent, or kind half of, a proposal to promote, or a solicitation of a proposal to
buy, any securities in Australia, Canada, Japan, South Africa, Hong Kong,
New Zealand or the United States or in any jurisdiction to whom or during which such
provide or solicitation is illegal. 

The securities referred to on this announcement haven't been and won't be
registered beneath the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or any securities legal guidelines of any state or different jurisdiction of the United
States and will not be provided or bought inside the United States besides pursuant
to an exemption from, or in a transaction not topic to, the registration
necessities of the Securities Act and in compliance with relevant state legislation.
There can be no public provide of the securities in the United States. 

This doesn't represent a prospectus for the functions of the Prospectus
Regulation (EU) 2017/1129 (as amended, along with any relevant implementing
measures in any Member State, the "Prospectus Regulation"). In any EEA Member
State that has carried out the Prospectus Regulation, this communication is barely
addressed to and is barely directed at certified buyers in that Member State
inside the which means of the Prospectus Regulation. In addition, in the United
Kingdom, this announcement is just not being distributed, nor has it been permitted
for the functions of Section 21 of the Financial Services and Markets Act 2000
("FSMA"), by an individual approved beneath FSMA and is directed solely at individuals who
(i) are outdoors the United Kingdom, (ii) are funding professionals falling
inside Article 19(5) of the U.Ok. Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) excessive internet
price firms, and different individuals to whom it could lawfully be engaged with,
falling inside Article 49(2)(a) to (d) of the Order (all such individuals in (i),
(ii) and (iii) above collectively being referred to as "related individuals"). Under no
circumstances ought to individuals who should not related individuals rely or act upon the
contents of this announcement. Any funding or funding exercise to which
this announcement relates in the United Kingdom is accessible solely to, and will
be engaged solely with, related individuals.

Matters mentioned on this announcement might represent forward- trying
statements. Forward-looking statements are statements that aren't historic
info and could also be recognized by phrases reminiscent of "consider", "count on", "anticipate",
"technique", "intends", "estimate", "will", "might", "proceed", "ought to" and
comparable expressions. The forward-looking statements on this launch are primarily based
upon numerous assumptions, many of that are primarily based, in flip, upon additional
assumptions. Although the Company believes that these assumptions have been
affordable when made, these assumptions are inherently topic to vital
recognized and unknown dangers, uncertainties, contingencies and different vital
components that are troublesome or inconceivable to predict and are past its management.
Such dangers, uncertainties, contingencies and different vital components might trigger
precise occasions to differ materially from the expectations expressed or implied in
this launch by such forward-looking statements. 

The info, opinions and forward-looking statements contained on this
announcement communicate solely as at its date, and are topic to change with out
discover. The Company doesn't undertake any obligation to evaluate, replace,
verify, or to launch publicly any revisions to any forward-looking statements
to mirror occasions that happen or circumstances that come up in relation to the
content material of this announcement. 

The distribution of this announcement and different info could also be restricted by
legislation in sure jurisdictions. Persons into whose possession this announcement or
such different info ought to come are required to inform themselves about and
to observe any such restrictions.

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