May 29, 2013

Cermaq's subsidiary Norgrain AS, which Cermaq holds 72.5% shares, has declared its option to sell 49% of the shares in Denofa AS to the Brazilian company Amaggi, which will thereafter own all shares in Denofa.

The transaction will be implemented in September 2013, and give Norgrain an income from the sales of US$16.3 million. The sales will result in a profit in Cermaq's accounts of approximately NOK7 million (US$1.19 million).

Meanwhile, regarding Marine Harvest's intention to launch an offer for all outstanding shares of Cermaq, Marine Harvest has conducted discussions with both selected shareholders and the company, in an attempt to find an amicable solution acceptable to all parties.

These talks have so far not given any conclusion but the parties have agreed to continue the discussions. If no material progress is made shortly, Marine Harvest intends to immediately launch its original offer of US$1.7 billion - with 50% cash settlement subject to an acceptance level - giving Marine Harvest an ownership interest above 33.4% following completion of the offer and other conditions in line with market practice.