EQUITY ISSUE

Codfarmers ASA has successfully carried out the
announced placement directed towards Norwegian and
international investors after the close of Oslo
Stock Exchange Monday 21 May 2007. The Placement
was substantially over-subscribed and the price was
set at NOK 32 per share. The placement of 1,538,900
new shares represents 10% of the shares outstanding
prior to the placement.Total proceeds from the share issue amount to NOK
49,244,800. Manager for the issue has been DnB NOR
Markets.

The purpose of the placement is to finance the
previously announced investments in the
juvenile/on- growing facility and the new
packaging facility, as well as to strengthen the
company`s cash position in an expansion phase.

The Board exercised the authority granted to it
under the Company`s Annual General Meeting held on
the 10th of May 2007. A total of 1,538,900 new
shares will be allocated to the subscribers.
Codfarmers ASA`s share capital will after the
registration of the share issue consist of NOK
1,692,815 divided into 16,928,150 shares each with
a par value of NOK 0.10.

Oslo, 22 May 2007

Codfarmers ASA

For further information, please contact:

Øystein Steiro, CEO
Phone: +47 22 40 33 91