COD – EXTRAORDINARY GENERAL MEETING IN CODFARMERS ASA

Enclosed are the minutes from the Extraordinary General Meeting in Codfarmers ASA (“Codfarmers”) held today, 19 September 2011.

9,914,832 of a total of 15,406,260 shares and votes were represented at the General Meeting, or approximately 64.36% of the share capital.

All resolutions were made in accordance with the Board of Directors’ proposals, however, so that the subscription period in the private placement towards the accepting shareholders in Atlantic Cod Farms AS is extended to 27 September 2011.

In accordance with the Nomination Committee’s recommendation, a new Board of Directors of Codfarmers was elected consisting of Marianne Johnsen (Chair), Benedicte Fossum (Deputy-Chair), Frode Teigen (member), Øivind Tidemandsen (member), Thomas Falck (member), Kristian Nergaard (deputy member) and Ulf Henning Sørdal (deputy member). The election shall be for the period until the Annual General Meeting in 2012.

Contact persons:

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