Cermaq streamlines its strategy - divests Denofa AS

Cermaq's subsidiary Norgrain AS, where Cermaq holds 72.5 percent of the shares, has declared its option so sell its shareholding of 49 percent of the shares in Denofa AS to Amaggi. The Brazilian company Amaggi will thereafter own all shares in Denofa.

The sale is a part of Cermaq's strategy to divest companies which are not part of its core business and concentrate its engagement on aquaculture.

The transaction will be implemented in September 2013, and give Norgrain an income from sales of UDS 16.3 million. The sales will result in a profit in Cermaq's accounts of approximately NOK 7 million.

For further information please contact:

Geir Sjaastad, Project Director, phone [phone], mobile [phone] 

About Cermaq - Cermaq is an international group of companies with activities in fish farming, production of salmonid feed and research in aquaculture. Cermaq has operations in Norway, Chile, Canada, Scotland, the main geographic regions for salmon and trout farming, and in Vietnam. Through its business unit EWOS, Cermaq ranks as the world's largest producer of feed for salmonids. The business unit Mainstream is one of the world's leading farming companies of salmon and trout. The group had sales of around NOK 11.8 billion in 2012. Cermaq is listed on the Oslo stock exchange with ticker code CEQ. www.cermaq.com

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Source: Cermaq ASA via Thomson Reuters ONE

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