Mr. Tore Valderhaug is appointed Chief Financial Officer
("CFO") of Cermaq. He will report to CEO Geir Isaksen and be a part
of the Cermaq Central Management Team (CCMT). Valderhaug will be
located at the Group's headquarter in Oslo and will commence in the
position on 1st November 2009.

Tore Valderhaug is 49 years old and has broad experience as CFO in
listed companies. He was previously. Executive Vice President and CFO
in EDB Business Partner ASA, and has also held similar positions in
Proxima ASA, and Ocean Rig ASA. Before joining Cermaq he was partner
in Altaria Private Equity.

Tore Valderhaug is a Norwegian State Authorized Public Accountant and
has long audit experience inter alia from Arthur Andersen & Co.

Tore replaces Steven Rafferty who has taken on a new role in Cermaq
as Chief Operating officer (COO) for the global farming division.

Further information - please contact:
Geir Isaksen, CEO, phone: + 47 23 68 50 10, mobile: +47 91 34 82 81
Tore Valderhaug, mobile: + 47 99 56 09 25


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, Scotland, Canada and Chile, the main
geographic regions for salmon and trout farming. Through its EWOS
subsidiary, Cermaq ranks as the world's second largest fish feed
producer. The Mainstream subsidiary is the second biggest farmer of
salmon and trout in the world. The group had sales of over NOK 9.8
billion in 2008. Per 30 June 2009 the group employs around 2 600
people. Cermaq is listed on the Oslo stock exchange with ticker code
CEQ.

www.cermaq.com


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