DECISION FROM THE STOCK EXCHANGE BOARD

Codfarmers ASA - Breach of the duty to exercise
due care in handling financial information prior
to publication

The Board of Oslo Børs resolved to impose a
violation charge on Codfarmers ASA equivalent to
the company`s annual listing fee, i.e. NOK
110,000, (cf. Section 5-12 of the Stock Exchange
Act, cf. Section 25-5 of the Stock Exchange
Regulations), for a breach of Section 6-1 of the
Stock Exchange Regulations.

On 26 February 2007, copies of the printed version
of Codfarmers` proposed fourth quarter interim
report were put into the post by the eksternal
printing firm, even though the meeting of the
company`s board of directors that was due to
approve the report was not scheduled until 14:00
hours on 27 February 2007. Codfarmers contacted
Oslo Børs when it became aware of the situation.
The quarterly report was published by way of a
stock exchange announcement at 10:13 hours on 27
February.

This decision may be appealed to the Stock
Exchange Appeals Committee. Any appeal must be
submitted within two weeks.