NOTIFICATION OF TRADE

Chairman Harald Dahl and CEO Øystein Steiro have
purchased stock options in Codfarmers ASA for a
total amount of NOK 260 569. The stock option
gives the right to subscribe 114 285 shares at
NOK 27 per share.Future Generation Invest AS has today entered an
agreement to transfer the option to subscribe 89
285 shares in Codfarmers ASA (`COD`) at NOK 27
per share to Futurum Capital AS. Futurum Capital
AS is 100% owned by Chairman, Harald Dahl.
Futurum Capital AS will pay NOK 203 569 for the
stock options. Future Generation Invest AS has
entered a similar agreement to transfer an
option to subscribe 25 000 shares in COD to
Øystein Steiro, CEO in Codfarmers, at the same
price. Øystein Steiro will pay NOK 57 000 for
the stock options.

The transaction will by accomplished around 8
February 2007.

The stock option is related to Future Generation
Invest AS`subscription of COD shares in 2005. At
that time, Future Generation Invest AS
subscribed 380 952 shares in COD, and granted in
connection with the placement stock options with
the right to subscribe 114 285 shares at NOK 27
per share

After the transaction, Harald Dahl will own 278
shares in COD, together with 858 995 COD shares
and 89 285 share options at NOK 27 in Futurum
Capital AS. Øystein Steiro will own 30 027
shares and 250 000 stock options.