COD – CHANGES IN THE BOARD AND NOTICE OF EXTRAORDINARY GENERAL MEETING

Marianne E. Johnsen, Chair of the Codfarmers ASA Board, and Board member Benedicte Fossum have informed the Company that they have resolved to step down from the Board. The background for their resolution is that the Company following planned asset sales and de-listing will come into a new phase. The two board members are of the view that the Company’s strategy for that phase should be determined by those who shall manage the Company in that phase. Marianne E. Johnsen and Benedicte Fossum will continue in their positions until the General Assembly has elected new board members.

The Board has resolved to call for an extraordinary general meeting to be held on 5 April 2013. The notice of the extraordinary general meeting is attached.

For additional information, please contact:

Harald Dahl, CEO of Codfarmers, telephone +47 90 11 92 82