Mandatory offer in Akva Group ASA

Egersund Group AS has today, 3 December 2012,acquired 5,576,844 shares in AKVA Group ASA (the "Company"), equivalent to 21.6 % of the shares and votes in the Company at a price of NOK 11.25 per share. Egersund Group AS holds after this acquisition a total of 12,918,185 shares constituting 50.01 % of the share capital of the Company.

Egersund Group AS is due to ownership represented on the Company's Board of Directors, and thus considered a primary insider of the Company pursuant to the Norwegian Securities Trading Act section 4-2 (1). The acquisition triggers a mandatory offer for the remaining shares pursuant to the Norwegian Securities Trading Act chapter 6, since Egersund Group AS now discloses a shareholding in excess of the mandatory offer threshold of 50 %. Egersund Group AS has announced that it intends to proceed with a mandatory offer to acquire the remaining shares in the Company at a price of NOK 11.25 per share.