Compulsory acquisition of shares

Reference is made to the stock exchange notice dated
4 April 2013 whereby Austevoll Seafood ASA ("AUSS")
announced the final result of the mandatory offer to
acquire all the shares in Norway Pelagic ASA
("NPEL"), which resulted in AUSS becoming the owner
of 90.1 % of the shares in NPEL.

Austevoll Seafood ASA ("AUSS") hereby announces that
pursuant to Section 4-25 of the Norwegian Public
Limited Companies Act and Section 6-22 of the
Norwegian Securities Trading Act (the "STA"), AUSS
has exercised its right to acquire compulsorily for
cash the remaining 1,824,390 shares in Norway Pelagic
ASA that it does not already own (the "Minority
Shares").

In accordance with section 6-22 (2) of the STA, the
offer price to be paid for each Minority Share has
been set at NOK 15.50, which is equal to the price
offered by Austevoll Seafood ASA under the mandatory
offer made on 5 March 2013, where the offer period
expired on 3 April 2013. When the compulsory
acquisition takes place within three months after the
expiry of the offer period, the redemption price
shall normally be fixed at the same amount as was
offered in the mandatory offer, cf. the Securities
Trading Act section 6-22 (2).

The rights and ownership of the Minority Shares will
automatically be transferred to Austevoll Seafood
ASA, which accordingly will be the beneficial owner
of 100 per cent of the Norway Pelagic ASA shares.
This transfer is scheduled to be completed 4 July
2013.

Any objections to or rejection of the compulsory
offer price must be made by 4 September 2013 to
Wikborg, Rein & Co. DA Advokatfirma for the attention
of Jan Erik Clausen. Payments of the offer price will
take place on Friday 5 July or shortly thereafter.
Such payments do not reduce the shareholders' rights
to raise objections by 4 September.

AUSS is due to ownership represented on NPEL's Board
of Directors and thus considered a primary insider of
NPEL pursuant to section 4-2 (1) of the STA.

Contact persons:

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