Investor Presentaiton

Mitsubishi Corporation Salmon Farming Business Food Industry Group November 2, 2023 Mitsubishi Corporation Europe 1,224,900 Consumption (Market Size) Year: CY2022 Scale: MT (GWE basis*) Fish Species: Atlantic Salmon, Coho, Trout, Chinook salmon Source: Based on Kontali Salmon World 2023 Cermaq Sales Volume (by region) Year: FY2022 Scale: MT (GWE basis*) Distribution *GWE: Gutted Weight Equivalent Cermaq Norway 82,300 Russia 78,300 European Market / Fish Pool Index Other Asia 364,900 Japan 248,000 Cermaq Canada 10,600 North America 711,000 South America 197,100 U.S. Market / Urner Barry Index Cermaq Chile 92,700 (USD/lbs) (NOK/kg) 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 8.0 140 7.5 130 7.0 120 6.5 110 6.0 100 5.5 90 5.0 80 4.5 70 4.0 60 3.5 50 3.0 40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 42 Copyright 2023 Mitsubishi Corporation

View entire presentation