COD – PUBLICATION OF PROSPECTUS EQUIVALENT DOCUMENT AND START OF ACCEPTANCE PERIOD

Reference is made to the announcement made by Codfarmers ASA (“Codfarmers”) on 26 August 2011 regarding the intention to make a voluntary exchange offer (the “Offer”) for all of the issued and outstanding shares of Atlantic Cod Farms AS (“ACF”).

The offer document and information memorandum containing equivalent information as a prospectus (the “Offer Document”) has been reviewed by the Financial Supervisory Authority of Norway in accordance with Section 7-13, cf. Sections 7-4 no 6 and 7-5 no 7 of the Norwegian Securities Trading Act. The Offer Document will also serve the purpose of being an information memorandum pursuant to Oslo Børs’ Continuing Obligations section 3.5.4.

The acceptance period for the Offer will be from and including 14 September 2011 to 21 September 2011 at 17.30 (CET).

The Offer Document will be sent to the registered address of all shareholders in ACF. The Offer Document will also be available on www.codfarmers.no and by request to the manager of the Offer, DnB NOR Markets.

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

Helge Hellebust, chair of ACF, telephone +47 93 20 25 50
Ivar Kvangardsnes, CEO of ACF, telephone +47 916 89 295