AUSTEVOLL SEAFOOD ASA 07.11.

2007

Presentation by
Arne Mgster CEO

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A member of the Austevoll Seafood Group

Company Overview
Peru Peru Activities Activities
8.05% of holding capacity, 8.05% of holding capacity, pelagic fishing fleet pelagic fishing fleet -- 34 vessels 34 vessels 6 meal & oil plants 6 meal & oil plants 2 canning plants 2 canning plants 2 freezing plant 2 freezing plant 9.1% of pelagic fishing 9.1% of pelagic fishing quota quota -- 5 vessels 5 vessels 2 meal & oil plants 2 meal & oil plants 2 canning plant 2 canning plant 1 freezing plant 1 freezing plant -- 2 vessels (2 licenses) 2 vessels (2 licenses) Thru (Br Birkeland AS) Thru (Br Birkeland AS) + 7 salmon licenses + 7 salmon licenses 5 meal & oil plants 5 meal & oil plants 1 storage/blending 1 storage/blending 2 freezing plant 2 freezing plant 1 freezing plant 1 freezing plant (associated) (associated) 600-650,000 tons of fish 600600-650,000 tons of fish --41 vessels 41 vessels

Chile Chile

Norway Norway

Austevoll Seafood Austevoll Seafood (Group) (Group)

Harvesting Harvesting capacity capacity

Primary Primary Processing Processing

24 processing plants 24 processing plants Handling over 1.3 mill Handling over 1.3 mill tons of fish annually tons of fish annually

Secondary Secondary Processing Processing Sales & Sales & Distribution Distribution
Own sales organisation Own sales organisation Own sales organisation Own sales organisation

High Concentrate High Concentrate Omega-3 Fish Oil Plant Omega-3 Fish Oil Plant

5000mt of crude fish oil 5000mt of crude fish oil = 1500mt Of HCO3 = 1500mt Of HCO3 Wholesale with global Wholesale with global distribution distribution

Own sales organisation Own sales organisation

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A member of the Austevoll Seafood Group

FoodCorp S.A (Chile)

Among the leading Chilean pelagic fishing and processing companies 5 catching vessels with 9.1% of Chilean total pelagic quota 2 fish meal plants, 2 canning plant, 1 freezing plant Estimated fish input in 2007: - Foodcorp catch: 140000 tons - Purchase:100000 tons from third parties Operational status: - Foodcorp catch: 99,000 tons - Purchase: 52,000 tons from third parties - Lower landings from coastal fishermen compared with 2006.

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A member of the Austevoll Seafood Group

Austral Group S.A.A (Peru)

First in Latin America to have all factories ISO 14001 certified

One of the leading Peruvian pelagic fishing and processing companies 89% owned by Austevoll Seafood 34 fishing vessels with total holding capacity of 14,507 tons 6 fish meal plants 2 canning plants 2 freezing plant 1 fresh fish reception area Estimated fish input in 2007: Total qouta estimated to be 6 million tons. 400,000 tons own catch pelagic, mainly anchoveta and horse mackerel 100,000 tons purchased externally Raw Material Analysis 1h 2007 Total raw material handled by Australs plants: approx .340,000 tons = 8,6% of TAC Total catch by Austral fleet 1h 2007 236,000 tons = 6% of TAC

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A member of the Austevoll Seafood Group

Austevoll Seafood Norway

Welcon AS
5 fish meal plants, 1 storage and blending plant 110,000 tons fish meal 30,000 tons of fish oil

Epax AS
1500MT of High Concentrate Omega-3 Fish oil

Br. Birkeland AS
2 top modern purse seiners with 2.95% of Norwegian pelagic quota (associated company 40.2%)

Atlantic Pelagic AS
Pelagic sales company

Modern fish processing plant, cold storage, freezing plant

o o o o
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Austevoll Fiskeindustri A/S 100% Sir Fish AS 60% Modolv Sjset AS (associated company 49%) Shetland Catch 25%
A member of the Austevoll Seafood Group

Vads Sildoljefabrikk

Welcon fabrikker

Welcon AS

Welcon Moldtustranda Mly Sildoljefabrikk Dep. Ulvesund Dep. Deknepollen Management and Sales

Karmsund Fiskemel Welcon Egersund Welcon Protein - Ryttervik

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A member of the Austevoll Seafood Group

Total produksjon
Vi kan hndtere 8400 tonn rvare hver dag

Welcon AS

Utbytte (estimert): 1700 tonn fiskemel pr dag 450 tonn fiskeolje pr dag

Lagerkapasitet 73 600 tonn fiskemel 42 700 tonn fiskeolje

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A member of the Austevoll Seafood Group

Produksjon Welcon
2006: Fiskemel 83 500 tonn Fiskeolje 22 000 tonn 2007 (estimate) Fiskemel 110 000 tonn Fiskeolje 30 000 tonn

Welcon AS

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A member of the Austevoll Seafood Group

Welcon Egersund
Welcon Egersund Produksjon: Lager: 2500 tonn rvare pr dag 6000 tonn fiskemel og 8000 tonn fiskeolje

Welcon AS

Ikke avklart om fabrikken skal flyttes til Londondarry.

Welcon Protein - Ryttervik Prodksjon: Kun som lager Lager: 32 000 tonn fiskemel 14 000 tonn fiskeolje

Norges eneste grensekontroll stasjon for import fra 3.land i Norge Ferdig installert rekondisjonerings anlegg Vurderer installering av produksjonsanlegg dersom Grnehaugen flyttes

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A member of the Austevoll Seafood Group

Synergier i Austevoll Seafood

Welcon AS

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A member of the Austevoll Seafood Group

EPAX - Value chain

Welcon AS

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A member of the Austevoll Seafood Group

Rstoff til Egersund 2008

Kolmule:
Kvote red. med 32%
Grenland

Welcon AS

Tobis:
Indikerer kte kvoter
Norwegian Sea

Barents Sea

Caplin

Brisling:
Ser p stersjbrisling som
Island

Blue Whiting

Sand Eel

Norway

Norway pout

et alternativ med rensing

Atlantic Ocean North Sea
Denmark

Herring

Caplin

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A member of the Austevoll Seafood Group

Transport for fiskemel og fiskeolje

Welcon AS

Transport fra Egersund idag

Bulk - Bt Bulk Bil

Storsekk

Vurderer konteiner skipning fra Ryttervik

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A member of the Austevoll Seafood Group

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A member of the Austevoll Seafood Group