Aker Seafoods ASA has acquired the remaining 30 percent share in its French subsidiary Aker Seafoods France S.A. After the transaction, Aker Seafoods France becomes a wholly owned subsidiary. The acquisition strengthens Aker Seafoods' position in the company's largest market. Today, Aker Seafoods entered into an agreement to purchase the 30 percent of the remaining shares in Aker Seafoods France (formerly Viviers de France). In December 2007, Aker Seafoods acquired 70 percent of the shares in Aker Seafoods France, with an options contract to buy the remaining shares. The acquisition is a part of the strategic plan for investments in France, which is considered Aker Seafoods' largest single market. - The transaction secures production and distribution of fresh products in France. In addition, it provides Aker Seafoods with an opportunity for further growth in other European markets, says Aker Seafoods CEO Yngve Myhre. The payment for the 30 percent of the shares, in addition to the final payment for the previously acquired 70 percent of the shares, is based on an evaluation of the company's equity capital of 13.75 million euros. The size of the amount is according to previously communicated commitments. The payment will be completed by three installment payments by cash, with the first payment due when signing the contract and then in 2010 and 2011. The two French company founders, Arnault Chaperon and Jean-Philippe Tachon will continue to hold their key management positions at Aker Seafoods France. For further information, please contact: Yngve Myhre, CEO, Aker Seafoods ASA. Telephone +47 24 13 01 60 Gunnar Aasbø, CFO, Aker Seafoods ASA. Telephone +47 24 13 01 60 Morten Hyldborg Jensen, EVP Sales & Marketing, Aker Seafoods ASA. Telephone: +47 916 30 176