Minutes from Extraordinary General Meeting

An extraordinary general meeting of Codfarmers ASA was convened on 10 July 2009. The general meeting approved, inter alia, the Private Placement of 10 000,000 new shares at a subscription price of NOK 4 per share and a subsequent rights offering of up to 2,000,000 new shares at a subscription price of NOK 4. The general meeting also approved the restructuring of the Company’s outstanding convertible bond by granting the board an authorization to effectuate the approved restructuring. The minutes from the general meeting are attached hereto. As recorded in the minutes, the general meeting adopted the resolutions proposed by the board and as set forth in the notice, however such that the resolution regarding the rights issue was adjusted such that the subscription period will commence on 31 July 2009 and end on 14 August 2009. Other dates were adjusted accordingly. Certain other minor technical adjustments and specifications were also made. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) For further information, please contact: Michael Malling CEO - phone: +47 93 20 77 97 Harald Dahl COB, phone: +47 90 11 92 82