NZK - Blue Endeavour Pilot Farm and Wellboat Update

Tuesday 28th April 2026

New Zealand King Salmon Investments Limited (NZX/ASX: NZK) is pleased to provide an update on the Blue Endeavour open ocean pilot and wellboat.

The Company advises that the two pilot pens have been successfully installed at the Blue Endeavour site. This represents a significant milestone for the pilot, with the installation of both the mooring grid and the two pens now complete. The Blue Endeavour pilot farm is co-funded by the Ministry for Primary Industries’ Sustainable Food and Fibre Futures fund (replaced by the Primary Sector Growth Fund).

The first fish are anticipated to be delivered to the farm via the Ronja King wellboat in late May to early June. The Ronja King arrived in New Zealand today. It is anticipated to commence operations in the next few weeks once full clearance and operational onboarding has been completed.

Further updates on the key milestones of the Blue Endeavour pilot will be provided as the project progresses.

Authorised by: Board of Directors of New Zealand King Salmon Investments Limited

ENDS

NZK Blue Endeavour Infrastructure and Wellboat Update

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