Marine Farms ASA (OSL:MAFA) Final Agreement In Scotland Has Been Signed

Marine Farms ASA (OSL:MAFA) Reference is made to the press release dated the 3rd of July 2008, where it was announced that the wholly-owned subsidiary Lakeland Marine Farms Ltd had entered into an agreement with Lighthouse Caledonia ASA to purchase 2 salmon licences, including equipment. On the 2nd of October 2008 the final agreement was signed.

- The two new licences will increasing annual production capacity by approximately 1,500 tonnes gwt salmon (+15%). The Licences are located only 1-3 km from Lakeland Marine Farms existing sites in Argyle, west of Glasgow, and there should be significant synergies in operating the sites together. Lakeland's operation in the Argyle has historically generated excellent results, both production and earnings wise.

- In addition to the two licenses, applications for two new sites in the same area has been transferred to Lakeland Marine Farms Ltd. Pending approval from the Scottish authorities, annual production capacity may increase by an additional 1,300 tonnes gwt salmon. Final approval is not given.

- The increased production will be utilised to satisfy the continuing increased demand from Lakeland's customer base, strengthening Lakeland's position as a producer of high quality products for a discerning market segment.

- The transaction is valued at GBP 2.45 mill.

Lakeland has been operating within the salmon farming industry in the UK since 1987, and specialises in vertically integrated production of high quality Atlantic salmon, all the way from the broodfish through egg, fry, parr, smolt and fully grown salmon to the sale of gutted salmon and fresh fillets. The group has over the past many years been among the most profitable salmon producers in the UK. Following the acquisition of the two new licenses, Lakeland has an annual production capacity averaging approximately 12,000 tonnes gwt salmon. Read more about Lakeland on www.lakelandsmolt.co.uk

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