NORWAY PELAGIC HOLDING - GOOD 4th QUARTER AND POSITIVE MARKET TRENDS

Norway Pelagic has completed a quarter with good supply of raw material, satisfactory
operations and positive development in the main markets.

The production of pelagic fish was as usual most intensive in the 4th quarter. As the quotas
for NVG-herring have increased, the activity has been higher than recent years in most of
Norway Pelagics plants. Operations have been satisfactory and acceptable margins on sales
have been achieved.

” The main objective for establishing Norway Pelagic was to achieve better predictability and
stability in the Norwegian pelagic industry, and consequently make higher profits in longer
terms. I believe that the first phase of establishing and integrating the company has been
successful, and the results achieved so far should lead to optimism for the continuation”,
comments Chairman of The Board, Sigurd Teige.

The group’s operating revenues in 4th quarter 2007 amounted to MNOK 996,8. Operating
result was MNOK 74,3 and result before tax was MNOK 66,0. In 2007 operating revenues
amounted to MNOK 1 118,3. Operating result was MNOK 76,0 and result before tax was
MNOK 66,3.

The Board of Directors proposes a dividend from the company of NOK 1,50 per share. This
implies a total dividend payment of MNOK 21,6.

Outlook for 2008 is positive based in increasing raw material supply and growing demand in
main markets.

Complete Q4 report: www.norwaypelagic.no