Grieg Seafood

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We write with reference to the stock exchange notice dated 24 January 2011 in which Grieg Seafood entered into an agreement whereby the company acquires 51.3% of the shares in Erfjord Stamfisk AS.

The transaction has been executed today, 17 February 2011, pursuant to the agreement between the parties.

For further information, please contact:
CEO Morten Vike, Grieg Seafood ASA, cell phone: +47 994 91165
Regional director Alexander Knudsen, Grieg Seafood Rogaland AS, cell phone:
+47 952 09 925

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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AGREEMENT - COMPLETION OF TRANSACTION
We write with reference to the stock exchange notice dated 24 January 2011 in which Grieg Seafood entered into an agreement whereby the company acquires 51.3% of the shares in Erfjord Stamfisk AS. The transaction has been executed today, 17 February 2011, pursuant to the agreement between the parties. For further information, please contact: CEO Morten Vike, Grieg Seafood ASA, cell phone: +47 994 91165 Regional director Alexander Knudsen, Grieg Seafood Rogaland AS, cell phone: +47 952 09 925 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

AGREEMENT - COMPLETION OF TRANSACTION