MINUTES FROM ANNUAL GENERAL MEETING

Codfarmers ASA held its ordinary Annual General
Meeting in Oslo today. The Board of Directors`
Annual Report and Financial Statements for 2006
were approved unanimously.Margrethe Hauge retires from the Board of
Directors.

In accordance with the proposal of the Nomination
Committee, Marianne Johnsen was unanimously
elected as a new member of the Board.

Marianne Johnsen has a law degree (cand.jur) from
the University of Oslo, and a MBA degree from
Solvay Business School in Brussels. Johnson has
extensive experience from strategic work with
several institutions and companies, inter alia
Elkem ASA. Johnsan has also been director of the
boards of directors in listed companies, and is a
partner in the consultancy company X-lence Group
AS.

In accordance with the proposal in the notice for
the General meeting, the Company`s Articles of
Association has been amended and the Company`s
head office is moved to Gildeskål municipality.
Furthermore it has been laid down in the Articles
that shareholders must register in advance for
participation at general meetings.

In accordance with the Board`s proposal in the
notice the Board was given authorisation to
increase the company`s share capital with up to
NOK 225,892.50. The authorisation shall remain in
force until the Annual General Meeting in 2008,
but under no circumstance longer than to 30 June
2008.

The signed minutes are enclosed.