ACQUISITION OF SHARES IN NORWAY PELAGIC ASA

Austevoll Seafood ASA ("AUSS") has today purchased
1,720,000 shares in Norway Pelagic ASA ("NPEL") at an
average price of NOK 15.10 per share. Maximum price
paid was NOK 15.50 per share. AUSS hereafter owns a
total of 9,698,994 shares in NPEL representing 52.63
% of the outstanding shares in NPEL.

As a result of this purchase, AUSS has passed the
mandatory offer threshold in the Norwegian Securities
Trading Act.

AUSS intends to submit a mandatory offer to acquire
the remaining shares in NPEL within the deadline of 4
weeks set forth in the Norwegian Securities Trading
Act. The offer price will be NOK 15.50 per share.

AUSS is due to ownership represented on the Company's
Board of Directors, and thus considered a primary
insider of the Company pursuant to the Norwegian
Securities Trading Act section 4-2 (1).


Contact persons:
Chairman Helge Singelstad tel. : +47 91 66 10 01
CEO Arne Møgster tel. : +47 91 66 10 49