Codfarmers sells Fjord Gadus AS

The shares of the subsidiary company Fjord Gadus AS is sold to the company Jøkul AS against release of all obligations in regard to further going concern as of 8th April 2013. No further remuneration is paid to COD, however, the pay-roll and other operating expenses will be offloaded COD from this date. The equity of Fjord Gadus AS is negative. The facility was one of two landbased ongrowing facilities and has 4 employees. It is located in Vanylven munipicial in Møre & Romsdal on the western coast of Norway. The company’s ownership was with this transaction handed back to the origin which is controlled by Ulf H. Sørdal who is a member of the board of Directors in COD and holds 2,486,028 shares in COD.

For further information, please contact:

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