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Samherji fiskeldi ehf. (Samherji Fish Farming), the aquaculture arm of Samherji has just completed a share capital increase of 26 million USD. The funds will be used to build a pilot project for land-based salmon farming in Öxarfjördur, in Northeast Iceland, and design and construct a 40,000-tonne salmon farm in the Resource Park next to the Reykjanes Power Plant in the Reykjanes Peninsula.

Net profit from the operation of the international fisheries company Samherji Holding ehf. amounted to EUR 27.4 million in 2020 and EUR 1.4 million in 2019.

Samherji sends best whishes to all for the Christmas Holidays and the New Year!

Samherji Fish farming has been awarded the ASC environmental certification for its land-based farming and production of Arctic Char.
The ASC (Aquaculture Stewardship Council) certification is one of the most stringent environmental certifications in aquaculture and is recognized worldwide. Samherji Fish farming operates two on growing farms for Arctic char in the Southern Peninsula Region, and the production was about 3500 tons last year. The company also has Whole Foods Market and BAP (Best Aquaculture Practice) certifications.

Vilhelm Thorsteinsson EA 11, Samherji's new pelagic vessel, arrived in Neskaupstadur last week to offload about 850 tonnes of mackerel at Síldarvinnslan's processing plant. This landing marks a positive milestone; an electric connection was used for the first time to connect ships while they land raw materials in the fish processing plant. Furthermore, it is estimated that the oil consumption of ships will decrease by 300 thousand litres per year due to the use of this new equipment. The cost of the project is over a hundred million ISK.

Representatives of the Federation of General and Special Workers in Iceland (SGS) got acquainted with the operation of Samherji's high-tech processing plant in Dalvík today after the facilities had been more or less closed for months due to the pandemic. Björn Snæbjörnsson, chairman of the Federation of General and Special workers in Iceland, who is also chairman of the trade union Eining-Idja, says that the facilities for workers in the building are exemplary.

In the following statement, Samherji seeks to explain its views in the so-called Namibia case and, at the same time, present some of the main findings of an investigation by the Norwegian law firm Wikborg Rein. Initially, it was intended to present the results to the Icelandic authorities a while back, but it has been repeatedly postponed for well-known reasons. Therefore, although that presentation has not yet taken place, it is now appropriate to present some comments from Samherji regarding the main findings from the investigation.

Samherji fiskeldi ehf. has entered into agreements with HS Orka for the development of land-based salmon farming in the Resource Park by the Reykjanes Power Plant. The goal is to produce a wholesome quality product with a low ecological footprint. The company has secured access to sea and electricity to produce up to 40 thousand tons of salmon on land annually. Warm seawater will be used in the production, a resource stream from the cooling of the Reykjanes Power Plant. Samherji fiskeldi has also reached an agreement with landowners for the development.
A general briefing about the project will be held in the .......

Construction of and installation of new equipment is currently underway in the vessel Oddeyrin EA, allowing the ship to start experimenting with bringing live groundfish ashore for processing. This particular technology and method have not been used on trawlers before.
The vessel, previously named Western Chieftain, is a 45-meter-long pelagic vessel that Samherji acquired and had converted for groundfish fishing with the option of pumping fish on board and store it alive in specially equipped tanks.

Samherji notes that the Norwegian bank DNB has received a violation penalty from the Norwegian supervisory body Finanstilsynet of 400 million Norwegian kroner. Samherji has no knowledge of this violation penalty beyond what may be read in publicly available sources.