COD – FINAL RESULT OF VOLUNTARY EXCHANGE OFFER

 

Reference is made to the announcements made by Codfarmers ASA (“Codfarmers”) on 14 September 2011 regarding the publication of the offer document relating to the voluntary exchange offer (the “Offer”) for all issued and outstanding shares in Atlantic Cod Farms AS (“ACF”) and on 22 September 2011 regarding the preliminary result of the Offer.

Following final registration of acceptances in the Norwegian Central Securities Depository (the “VPS”), the final acceptance level in the Offer is 98.8% or a total of 668,493,217 shares in ACF.

Further, the conditions to the Offer regarding termination of warrants issued by ACF and consents to change of ownership in ACF have also been fulfilled. Accordingly, all conditions to the Offer have been satisfied.

It is expected that delivery and listing of the consideration shares to be issued by Codfarmers in connection with the Offer to the accepting ACF shareholders will take place on or about 29 September 2011.

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