Regarding voluntary offer to acquire shares in Copeinca ASA

NOT FOR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA,
JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Singapore, 22 March 2013 - China Fishery Group
Limited ("CFGL") refers to the voluntary cash tender
offer (the "Offer") by CFGL's indirect subsidiary
Grand Success Investment (Singapore) Private Limited
for the shares of Copeinca ASA ("Copeinca").

CFGL announced today that it has sent a letter to the
board of directors of Copeinca urging the board of
directors of Copeinca to refrain from using the
Authorisation (as defined below) in such a manner
which may hinder or obstruct a successful completion
of the Voluntary Cash Offer.

The board of directors of Copeinca has issued
negative statements on the Offer on several
occasions. On 4 March 2013, Copeinca announced that
it has appointed UBS Limited, DNB Markets and
Carnegie as its financial advisers to explore
strategic alternatives in response to the Offer.

CFGL has received indications that Copeinca's board
of directors is considering to issue new shares
pursuant to an authorisation granted at Copeinca's
2012 annual general meeting (the "Authorisation").
The fact that the Authorisation was registered in the
Norwegian Register of Business Enterprises on 15
March 2013, and that several investors appear to have
been approached for purposes of a possible share
issue, supports these indications. CFGL has reasons
to believe that the purpose of such a share issue
would be to hinder or obstruct a successful
completion of the Offer.

Unless a satisfactory response is received from the
board of directors of Copeinca, China Fishery will
consider taking legal actions in order to seek to
prevent Copeinca's board from utilising the
Authorisation in a manner which could hinder or
obstruct a successful completion of the Offer.


Contacts

China Fishery Group Limited
Dennis Chan, Finance Director, +852 2589 4156,
dennis.chan@chinafish.com


***

The Offer and the distribution of this announcement
and other information in connection with the Offer
may be restricted by law in certain jurisdictions.
CFGL does not assume any responsibility in the event
there is a violation by any person of such
restrictions. Persons into whose possession this
announcement or such other information should come
are required to inform themselves about and to
observe any such restrictions.