FINANCIAL REPORT Q4 AND PRELIMINARY RESULTS FOR 2012

The Group reported operating income in Q4 2012 of NOK
2,884 million (NOK 2,610 million in Q4 2011) and
EBITDA of NOK 244 million (NOK 239 million in Q4
2011). This increase in income is attributed to the
higher volume of sales and higher prices achieved for
fishmeal and fish oil.

The prices achieved for canned products were lower in
Q4 2012 than in Q4 2011. EBIT before value adjustment
for biomass in Q4 2012 was NOK 106 million (Q4 2011:
NOK 103 million). EBIT after value adjustment for
biomass in Q4 2012 was NOK 450 million (Q4 2011: NOK
125 million).

Income from associated companies for Q4 2012 totalled
NOK 39 million (Q4 2011: NOK 24 million). The
Group's net interest expenses in Q4 2012 totalled NOK
55 million (Q4 2011: NOK 37 million).

The profit before tax and biomass adjustment for Q4
2012 is NOK 102 million, compared with a profit
before tax and biomass adjustment in Q4 2011 of NOK
92 million.

The profit before tax for the quarter totalled NOK
446 million (Q4 2011: NOK 114 million).

For further information please see attached report
and presentation.

Questions and comments may be addressed to the
company's CEO, Arne Møgster, or to the CFO, Britt
Kathrine Drivenes.

This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities
Trading Act).