Ocean Quality AS ("Ocean Quality"), which is the sales organization of Grieg
Seafood and Bremnes Seashore AS, has received a decision from the Norwegian Food
Safety Authority (the "NFSA") implying that Ocean Quality is excluded from
exporting to China on the basis that it has been provided incorrect information
to the NFSA in connection with such export. Reference is made to press statement
from Ocean Quality of today (attached).
The shares in Ocean Quality are owned 60% by Grieg Seafood ASA and 40% by
Bremnes Fryseri AS.
It is emphasized that this case only applies to salmon from Norway. This means
that Ocean Quality can still sell GSF's fish from BC and UK into China.
Andreas Kvame, CEO, tel: +47 907 71 441
Atle Harald Sandtorv, CFO, tel +47 908 45 252