Completion of merger between Austevoll Fisk AS and Norway Pelagic AS

The creditor notice period for the merger expired on 19th June 2011, and the parties have today (30 June 2011) announced that the merger between the companies will be completed upon registration in the Register of Business Enterprises ("Foretaksregisteret").

Austevoll Seafood ASA will upon completion of the merger receive 2,768,954 new shares in Norway Pelagic ASA, and will after the completion increase its shareholding in Norway Pelagic ASA to 7,978,994 shares. The ownership of Austevoll Seafood ASA in Norway Pelagic ASA will be increased from 33.27 % to 43.3% of the total shares and votes in the company.

The merger will come into force upon registration in the register of Business Enterprises ("Foretaksregisteret"), which is scheduled to take place on or around 1 July 2011.

This information is obligatory pursuant to the Norwegian Securities Trading Act Section 4-2.

For further information, please contact:
Helge Singelstad, Chairman tel. +47 91 66 10 01
Arne Møgster, CEO tel. +47 91 66 10 49