Norway Royal Salmon ASA completed private placement

Reference is made to the stock exchange notice dated 28 February 2012 regarding the contemplated private placement of shares in Norway Royal Salmon ASA ("NRS" or the "Company"). The new shares to be issued in connection with the Private Placement represent approximately 10% of the current issued shares in the Company, while the treasury shares sold represents approximately 3.7%.

The net proceeds from the Private Placement will be used for general corporate purposes and to increase the Company's financial flexibility. Furthermore, as announced in the stock exchange release dated 28 February 2012, the Company's bank syndicate has agreed to increase the Company's current bank facility with with an amount equal to the net proceeds raised from the Private Placement.

Notification of allotment and payment instructions will be sent to the applicants on or about 29 February 2012 through a notification to be issued by Carnegie ASA (the "Manager"). The delivery of the new shares will be made by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange pursuant to a stock lending agreement to be entered into between the Manager and Gåsø Næringsutvikling AS.

The shareholders represented on the Board of Directors of the Company; Gåsø Næringsutvikling AS, Gladstad Invest AS and Egil Kristoffersen og Sønner AS, have been allocated 1,022,000, 1,022,000 and 573,000 shares, respectively. After the completion of the Private Placement, Gåsø Næringsutvikling AS will hold 5,927,778 shares, equivalent to 13.60 percent of the share capital, Gladstad Invest AS will hold 5,317,861 shares, equivalent to 12.20 percent of the share capital and Egil Kristoffersen og Sønner AS will hold 4,234,059 shares, equivalent to 9.72 percent of the share capital. Furthermore, as a result of the Private Placement, NRS will no longer hold any treasury shares.

The issuance of new shares has been approved by the Board of Directors of the Company in accordance with an authorisation given by the General Meeting held on 25 May 2011. After completion of the Private Placement, the number of outstanding shares in the Company will be 43,572,191, each with a par value of NOK 1.00.