Mediated Settlement to NZKS Blue Endeavour Consent

3 June 2023 Mediated settlement to NZKS Blue Endeavour consent Mediation has been resolved with all parties having agreed on consent conditions for New Zealand King Salmon's Blue Endeavour farms. Following a hearing in Blenheim which started in 2021, the Marlborough District Council announced on November 11 last year the decision by three commissioners to approve NZKS's Blue Endeavour application. Two appeals were subsequently lodged by the Department of Conservation (DoC) and the McGuinness Institute Limited. Mediation between the parties was held in Blenheim earlier this year and concluded late last month. "We are delighted that the parties to the appeal have agreed to amended consent conditions and have sought that the Environment Court make orders by consent," says Acting CEO Graeme Tregidga. "We appreciate the intent of DoC and the McGuinness Institute Limited and other parties to work with us on a revised set of conditions that all parties are comfortable with," he added. Once the Environment Court has made orders, the final regulatory step is an aquaculture decision from the Ministry for Primary Industries (MPI). A fully completed Blue Endeavour has the potential to add up to 10,000MT of harvest volume in conjunction with nursery sites when fully developed. Ends Contacts: Graeme Tregidga, Acting CEO, New Zealand King Salmon Investments Ltd, graeme.tregidga@kingsalmon.co.nz Ben Rodgers, CFO and Company Secretary, New Zealand King Salmon Investments Ltd, ben.rodgers@kingsalmon.co.nz End CA:00412533 For:NZK Type:GENERAL Time:2023-06-06 08:30:37