MINUTES OF E.O. GENERAL MEETING CODFARMERS ASA

On 8 September 2006 Codfarmers ASA held an
extraordinary general meeting in connection
with, amongst others, the election of new board
members and share capital increase authorisation.The extraordinary general meeting resolved to
authorize the Board of Directors to increase the
Company`s share capital with up to NOK
544,462.50. As previously communicated, the
authorisation is limited to the following
purposes and amounts:

i) resolve to issue shares in connection
with the stock-exchange listing (including a
possible stabilisation issue (`Green Shoe`)
limited to a maximum share capital increase of
NOK 544,462.50

ii) issue shares when needed in order to
strengthen the Company`s equity, in connection
with introductions of certain strategic
investors to the company, and in connection with
mergers and acquisitions after the listing,
limited to a maximum share capital increase of
NOK 100,000,

iii) issue shares to employees et al. in
connection with the Company`s incentive scheme
limited to a maximum share capital increase of
NOK 62,230,

iv) issue shares to shareholders holding
options to subscribe for shares at a
subscription price of NOK 27 pursuant to the
existing shareholders agreement limited to a
maximum share capital increase of NOK 53,000.

The authorisation will remain in force for 2
years from the date of the resolution

In total, 65.3 percent of total shares were
represented by attendance or by authorisation.

Please find the previously distributed notice,
and minutes of the extraordinary general meeting
enclosed,

Codfarmers ASA
Michael Malling
CFO
Tlf. + 47 22 40 33 94