PLANNED PRIVATE PLACEMENT

Codfarmers ASA has retained DnB NOR Markets to
advise on and effect an equity issue directed
towards Norwegian and international investors
after
the close of Oslo Stock Exchange today.

The purpose of the placement is to finance the
announced investments in the juvenile/on-growing
facility and the new packaging facility, as well
as
to strengthen the company`s cash position in an
expansion phase

The planned directed issue will amount to a
maximum
of 1,538,900 new shares, equal to a maximum of 10%
of existing outstanding shares of the company.
Pricing will be based on a bookbuilding process.
The new shares will be issued pursuant to
an authorization granted to the Board of Directors
by the extraordinary general meeting held on 10
May
2007.

Oslo, 21.05.2007

Codfarmers ASA

For further information, please contact:

Øystein Steiro, CEO - phone: +47 22 40 33 91