PRESS RELEASE Revenues increase by 21% to 93.1 M€ Positive trends in all activities

Reunion Island, 6 February 2013 - 8:30am (Paris Time)
"After a 16.1 M€ growth of its revenues to achieve 93.1 M€, SAPMER ended its 2012 financial year positively. The group's sales were boosted by the continuing growth of its tuna activities along with very satisfactory volumes in Toothfish and Rock Lobster. In 2012, on average, four -40°C tuna purse seiners were in operation, taking into account the arrival of "DOLOMIEU" in April 2012 and "BELOUVE" in September 2012. Our regular sales markets, and specifically the Asian market, stayed well oriented with good prices." Explains Yannick Lauri CEO and administrator. "Our effort to structure the company, by strengthening our industrial facilities as well as the sales and marketing departments will continue during 2013 in order to prepare ourselves for the future."

Consolidated revenues (1 January-31 December)

In millions of euros - IFRS (Unaudited)

Fishing

Change

In %

+15%

Value enhancing

+51%

Total

+ 21%

Our fishing activity increased by 9.4 M€ in 2012.

The fishing activity represents 79% of total revenues. Its revenues reach 73.2 M€ with an increase of
15% compared to 2011. This growth is the direct result of our gross tuna sales increase, as well as a slight increase in our Rock lobster sales.
- Southern seas fishing (St Paul Rock Lobster and Toothfish), still profits from a strong demand from the Asian markets with steady prices over the year.
Rock Lobster sales of 9.3 M€ against 8.7 M€ in 2011 mainly benefit from a favourable price and exchange rate effect.
Toothfish sales of 39.4 M€ against 40.7 M€ in 2011 are impacted by a change in our fishing
trips' dates as well as a slight price decrease in the second half of 2012.
- Gross tuna sales increased by 74% to 24.0 M€ against 13.8 M€ in 2011.
This growth is linked to a strong increase in average selling prices over the year and an increase in sales volumes.

The value enhancing activity confirms its potential and shows an increase of 6.7 M€

Thanks to our "premium" choice, the value enhancing activity increased by 51%, reaching 19.9 M€. This increase is linked to a volume effect based on the increase of processable catch as well as a price effect. The diversification of our sale zones continues with the penetration of the American markets, thanks to our steaks.

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These achievements allow SAPMER to anticipate good annual results for 2012.

During the year, the group was able to lay down the milestones of its future development.