EQUITY ISSUE

Reference is made to the Codfarmers prospectus
dated 29 November 2007 and notice to Oslo Børs
dated 3 December 2007 regarding the rights offering
of Codfarmers ASA shares. The issue offered up to
1,000,000 shares, with application period from 3
December 2007 to 17 December 2007 at 16.30.

Last day of listing for the subscription rights in
Codfarmers ASA was yesterday, 17 December 2007.

In the rights offering 21 shareholders subscribed
for and were allocated a total of 18.301 shares
with a par value of NOK 0.10 at a subscription
price of NOK 29 per offered share. Notification of
allotment will be sent on or about 21 December 2007.

Upon allotment of the shares, each subscriber`s
bank account will be debited for the subscription
amount for the number of new shares allotted to the
subscriber. Such debit will take place on or about
28 December 2007.

The new shares shall carry full shareholders`
rights in the Company from the time the share
capital increase representing the new shares is
registered in the Norwegian Registry of Business
Enterprises.

The company`s share capital after the issue will be
NOK 2,039,465.10 divided on 20,394,651 shares. The
issued shares are estimated to be registered with
VPS in week 1 of 2008.

Oslo, 18 December 2007

Codfarmers ASA

For further information, please contact:

Michael Malling
CFO
+47 22 40 33 94