NOT FOR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Singapore, 7 August 2013 - China Fishery Group Limited ("CFGL") refers to the offer document dated 16 July 2013 (the "Offer Document") regarding the voluntary offer (the "Offer") to acquire all outstanding shares in Copeinca ASA (the "Company") made by CFGL's indirect wholly owned subsidiary Grand Success Investment (Singapore) Private Limited (the "Offeror"), as well as the announcement dated 1 August 2013 regarding the preliminary results of the Offer. The final results show that the Offeror received acceptances of the Offer for a total of 57,476,970 shares in the Company. Further, the Offeror has settled the acquisition of 6,295,100 shares from Veramar Azul S.L. under a call option agreement. Together with the 5,773,000 shares previously acquired by the Offeror, the Offeror controls 69,545,070 shares, representing approximately 99.07% of the shares and votes in the Company. As previously reported, this means that the condition for completion of the Offer set out in section 3.3 (a) (acceptance level) of the Offer Document has been met The terms and remaining conditions (being the conditions of the Offer other than those previously reported to have been met or waived) of the Offer are set out in the Offer Document. In accordance with section 3.3 (Conditions for completion of the Offer) of the Offer Document, the Offeror will issue a notification through the Oslo Stock Exchange as soon as each of the remaining conditions for completion of the Offer has been met, waived or failed to be met. Due to the high level of acceptances for the Offer, CFGL intends to review its options with regard to the listing status of Copeinca. Such options include, but are not limited to, a compulsory acquisition of the remaining shares in the Company not already owned by the Offeror at the settlement of the Offer and thereafter a delisting of the Company from Oslo Børs, notwithstanding the previous intention communicated in section 4.11 of the Offer Document. CFGL will issue the appropriate announcement in due course once CFGL has determined the best course of action. *** 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. This information is subject to the disclosure requirements set out in section 6-19 (voluntary offers) of the Norwegian Securities Trading Act. Contacts Skandinaviska Enskilda Banken AB (publ) Oslo Branch, financial adviser Henrik Tangen, +47 2100 8511, +47 9822 8511, henrik.tangen@seb.no China Fishery Group Limited Dennis Chan, Finance Director, +852 2589 4156, dennis.chan@chinafish.com
distributed by |