Record breaking results from Austevoll Seafood

Sales prices achieved for fishmeal, salmon and salmon trout in Q1 2010 have been considerably higher when compared with the same quarter 2009. The prices for the Group's other products have also been stable and positive, approximate to the prices achieved in Q1 2009.

EBIT before value adjustment for biomass in Q1 was NOK 309 million (Q1 2009 NOK 220 million). EBIT after value adjustment for biomass in Q1 was NOK 579  million (Q1 2009 NOK 194 million).

Income from associated companies for Q1 totalled NOK 59 million (Q1 2009 NOK 34 million). The largest affiliated companies are Br. Birkeland AS, Norskott Havbruk (Scottish based Scottish Sea Farms Ltd.) and Shetland Catch Ltd.

The Group's net interest costs in Q1 2010 totalled NOK -50 million (Q1 2009 NOK -98 million). The decline in interest costs reflects the significant reduction in net interest-bearing liabilities in 2009 and to date in 2010.

The result after tax for the quarter totalled NOK 446 million (Q1 2009 NOK 108 million). For further information please see attached report and presentation.