ACQUISITION OF SHARES IN WELCON INVEST AS - MANDATORY NOTIFICATION OF TRADE/DISCLOSURE OF SHAREHOLDING

Austevoll Seafood ASA (AUSS) has signed an agreement
through a subsidiary for the acquisition of 50 % of
the shares in Welcon Invest AS (Welcon), and will
thereby own 100 % of the company.

The transaction:
AUSS has 03.07.2013 signed an agreement for the
acquisition of 30,000 shares in Welcon from Origin
Enterprises Plc. This constitutes 50 % of the shares
in the company, and as per completion of the
transaction AUSS will own 100 % of the share capital
in Welcon. Subsequent to completion, Welcon will no
longer be a jointly controlled company and become a
subsidiary of the AUSS group.

The purchase price is NOK 740 million. The shares
will be paid for in cash and will be financed by
drawing on AUSS' existing credit lines.

The Norwegian Competition Authority will routinely be
notified of the transaction, and notification to
certain foreign competition authorities may be
required as well. Completion of the transaction is
expected to take place shortly after the transaction
has been cleared with the relevant authorities.

Description of Welcon:
Welcon is involved in the production of fishmeal,
protein concentrate and oil in Northern Europe. The
company's business includes purchase of raw
materials, processing and sales. The company has
production facilities located in Norway, UK, and
Ireland. Welcon is a player in a global competition
exposed industry.

Welcon was established in 2003 and currently has six
production facilities for fishmeal and fish oil, in
addition to three production facilities for protein
concentrate and oil. The company also has a facility
in Egersund, which has been approved as a border
inspection post for import of proteins and oils from
third country. In 2012 the company employed 249 full-
time equivalents, and the company is currently headed
by CEO Arne Møgster. Welcon's Board of Directors
comprises Arne Møgster, Helge Singelstad, Tom
O'Mahony (Chairman) and Brendan Fitzgerald.

The acquisition of the shares in Welcon is in line
with AUSS' strategy to achieve growth¬ within its
business segments, and in this context within the
segment for Fishmeal and fish oil.




Financial key figures for Welcon:

Financial information is avaiable in the attachement


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