Increased Production Capacity In Spain

Marine Farms ASA Culmarex S.A., a 100% owned subsidiary of Marine Farms ASA, announces that its wholly-owned subsidiary Cultivos del Ponto SL (Ponto) has been granted a new concession from the Spanish authorities near Motril, Andalucía. The new site is located midway between two existing farms located in Malaga and Almeria and has an annual production capacity of 1,800 tonnes seabass/seabream.

Culmarex is today a vertically integrated supplier of seabass and seabream, and conducts all parts of the production, from broodfish through the pre-ongrowing of juveniles up until the fish is ready for the market. Culmarex has close to 300 employees and is renowned for its good service and high quality products. This is reflected in the price the company achieves in the market for its fish.

With this new expansion, Culmarex's annual production capacity increases to approximately 12,000 tonnes, further strengthening Culmarex's position as the largest and one of the most profitable producers of seabass and seabream in Spain. Read more about Culmarex on www.culmarex.com.

For further information, please contact Bjørn Myrseth or Pål Angell-Hansen: Tel: +47 55 90 44 70 e-mail: bjorn.myrseth@marinefarms.no or pal.angell-hansen@marinefarms.no

Marine Farms ASA

www.marinefarms.no

ISIN: NO0010049059

Stock Identifier: XOSL.MAFA