NOT FOR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Singapore, 1 August 2013 - China Fishery Group Limited ("CFGL") refers to the offer document dated 16 July 2013 (the "Offer Document") regarding the voluntary offer (the "Offer") to acquire all outstanding shares in Copeinca ASA (the "Company") made by CFGL's indirect subsidiary Grand Success Investment (Singapore) Private Limited (the "Offeror"), as well as the announcements from CFGL dated 24 June 2013 and 26 July 2013 regarding the completion of a call option agreement with Veramar Azul S.L. for the acquisition by the Offeror of 6,295,100 shares in the Company (the "Option Agreement"). The acceptance period in the Offer expired at 21:00 (CET) on 31 July 2013. The Offeror has received acceptances of the Offer for a total of 56,530,639 shares in the Company which, together with the 5,773,000 shares owned by the Offeror and the 6,295,100 shares to be acquired under the Option Agreement, represents approximately 97.72% of the shares and votes in the Company. This means that the condition for completion of the Offer set out in section 3.3 (a) (acceptance level) of the Offer Document has been met. The numbers cited above are preliminary, and may be subject to adjustments. The final result will be published as soon as it is available. Except for the 56,530,639 shares in the Company for which the Offeror has received acceptances for the Offer, the 6,295,100 shares to be acquired under the Option Agreement and the 5,773,000 shares owned by the Offeror prior to the launch of the Offer Document, the Offeror and related parties do not hold other shares or rights to shares in the Company. The terms and remaining conditions of the Offer are set out in section 3.3. (Conditions for completion of the Offer) of the Offer Document. In accordance with section 3.3, the Offeror will issue a notification through the Oslo Stock Exchange as soon as each of the remaining conditions for completion of the Offer has been met, waived or failed to be met. The Offeror expects that the conditions for completion of the Offer will be met no later than 23 August; however, no guarantee can be made. *** The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions. CFGL does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This information is subject to the disclosure requirements set out in section 6-19 (voluntary offers) of the Norwegian Securities Trading Act. Contacts Skandinaviska Enskilda Banken AB (publ) Oslo Branch, financial adviser Henrik Tangen, +47 21 00 85 11, +47 982 28 511, henrik.tangen@seb.no China Fishery Group Limited Dennis Chan, Finance Director, +852 2589 4156, dennis.chan@chinafish.com
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