Newsletter December 2023

One step away from closing the cycle

We look back on another successful year. We are immensely proud of the progress we made in 2023. We reached the willow leaf stage, larvae 175 days old and still growing. Pursuant to the agreements we made with the staff some time ago, we proceeded to pay the bonus associated with reaching this stage in December.

The challenge for the coming year is to accelerate growth to reach the glass eel stage at a time of commercial potential. We are currently busy securing research funding for the next 3 years through further equity issues, within the company's agreed share capital. The many commitments that followed the call in the spring have already contributed significantly to this. Those pledges have now largely been secured through issued certificates and by notarized deed.

Following the attention that Camillo's presentation attracted at the Aquaculture Congress in Vienna this September, we again attracted international attention in December with the publication of an article by Annalena, in the journal Hatchery Feed & Management. A copy of the headline of this article is included below. For the entire article visit: https://www.hatcheryfm.com/magazine/.

Management and Supervisory Board wish all shareholders and sympathizers a prosperous New Year, thanking them for their continued support and confidence placed in our company.