Hitt og þetta 26. apríl 2006

Pan Fish ASA - Minutes from the extraordinary general meeting

Enclosed are the minutes from the extraordinary shareholders meeting in Pan Fish ASA today on 26 April 2006.

The general meeting resolved to increase the share capital with 406.25 million new shares directed to Carnegie ASA to a subscription price of NOK 6.40. This number of shares equals the number of shares, which Carnegie ASA, DnB NOR Markets and Pareto Securites ASA were instructed to sell in a directed share sale to Norwegian and foreign institutional investors on the 7 April 2006.

The general meeting also resolved to authorize the board to increase the share capital of the company by up to NOK 476,074,219 and it was stated that the board would use this authorization to issue up to 25.39 million new shares with a subscription price of NOK 6.40 per share, in a share issue directed at the company's shareholders as per 7 April 2006, which were not offered to purchase shares in the directed share sale and who owned at least one round lot on the same date (5,000 shares). The company will make public a prospectus containing more information regarding the share issue on or about week 19 in 2006.

After the general meeting Pan Fish owns more than 40% of the outstanding share capital in Fjord Seafood ASA and will put forward a mandatory offer for the remaining outstanding shares in Fjord Seafood ASA within the four weeks deadline.