Salmon Evolution ASA OSL:SALME:
PROVIDES UPDATE ON PARTNERSHIP WITH DONGWON INDUSTRIES IN KOREA
AGREED TO REPLACE EXISTING JOINT VENTURE AGREEMENT WITH TECHNICAL ADVISORY AGREEMENT
WILL PROVIDE TECHNICAL ADVISORY SERVICES ON MARKET TERMS
NO FURTHER INVESTMENT COMMITMENTS UNDER NEW AGREEMENT
REMAINS MINORITY SHAREHOLDER AND KEY CONTRIBUTOR IN PROJECT, ALTHOUGH ITS CURRENT 49% OWNERSHIP IS EXPECTED TO BE DILUTED OVER TIME
RETAINS FIVE-YEAR PURCHASE OPTION FOR UP TO 33% OWNERSHIP IN PROJECT AT MARKET TERMS
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