COD – EXPIRY OF SUBSCRIPTION PERIOD AND LAST TRADING DAY FOR SUBSCRIPTION RIGHTS IN THE REPAIR OFFERING

NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

The subscription period, and the period for trading in subscription rights (COD S), in Codfarmers ASA’s repair offering expires at 17:30 hours (CET) today, 10 April 2012.

Any subscription rights that are not sold, or used to subscribe for new shares in the repair offering, prior to 17:30 hours (CET) on 10 April 2012, will lapse without compensation to the holder and cease to carry any value.

Holders of subscription rights (whether granted or acquired) must, in order to subscribe for new shares, follow the instructions set forth in the prospectus.

Please refer to the prospectus dated 21 March 2012 for further information.

For further information, please contact:

Marianne E. Johnsen, Chair of Codfarmers, telephone +47 93 66 30 00
Harald Dahl, CEO of Codfarmers, telephone +47 90 11 92 82

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This announcement is not an offer for sale of securities in the United States. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Codfarmers ASA does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Any offering of securities will be made by means of a prospectus that may be obtained from Codfarmers ASA and that will contain detailed information about the company and management, as well as financial statements. Copies of this announcement are not being made and may not be distributed or sent into the United States.

This communication is directed only at persons who (i) are outside of the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.