Aker Seafoods - Glitnir claim received

September 15, 2010 09:13

Aker Seafoods has received a claim from the administration committee of Glitnir for payment of NOK 99 million in relation to an interest rate and currency swap agreement entered into in 2005, reports www.megafishnet.com with reference to Aker Seafoods.

Aker Seafoods rejects the claim. As mentioned in our prospectus dated August 31 2009, the relevant swap agreement was terminated by Aker Seafoods in 2008. Aker Seafoods remains of the opinion that we both had the right to terminate and that we properly have terminated the swap agreement pursuant to Icelandic law, and that we therefore have no obligation to make further payments under the swap agreement.
For further information, please contact:
Liv Monica Stubholt, CEO Aker Seafoods ASA. Telephone 24 13 01 60.
Gunnar V. Aasbo-Skinderhaug, CFO Aker Seafoods ASA. Telephone 24 13 01 60.

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