Copeinca: RESPONSE TO CHINA FISHERY GROUP LIMITED

Reference is made to the stock exchange announcement made by China Fishery Group Limited ("CFGL") on 22 March 2013. 

Copeinca's board of directors considers CFGL's announcement speculative and with the sole purpose of preserving the interest of CFGL, and considers CFGL's announcement misleading for investors who wish to make informed investment decisions with regard to the Copeinca shares.

As per earlier announcements, Copeinca's board of directors is, together with its advisors, actively considering all options to maximize value for all of Copeinca's shareholders. The key focus of these considerations is continuing discussions with parties potentially interested in making an offer for all of the shares in Copeinca, at better terms than, and within the timeframe set by, CFGL's offer. The board of directors is pleased with the progress made in this regard and will revert with further updates and recommendations in due course.

In the event of any shareholder concerns caused by CFGL's announcement with regard to Copeinca's authorization to issue new shares, the board of directors  wishes to express that it would only consider using this if it is deemed necessary to maximize the value for all Copeinca's shareholders. Using the authorization simply to block CFGL's, or any other potential bidder's offer, without ensuring that a more favorable offer is presented to all Copeinca's shareholders, would hence not be considered by the board of directors of Copeinca.

For further information, please contact:

Samuel Dyer Coriat
Chairman, Copeinca ASA
Email: [e-mail] (mailto:[e-mail])
Tel: + 51-(1)-213 4040

Mikkel Storm-Jensen	Enrique Vivot
Managing Director and Co-Head of Nordic IBD	Managing Director and Head of Latam
Andean Region UBS	UBS
Email: [e-mail] (mailto:[e-mail])	Email: [e-mail] (mailto:[e-mail])
Mobile: [phone]	Mobile: [phone]
Tel: [phone]	Tel: [phone]
Per Even Hauge	Torleif Ernstsen
Director	Director
DNB Markets	Carnegie
Email: [e-mail] (mailto:[e-mail])	Email: [e-mail] (mailto:[e-mail])
Mobile: [phone]	Mobile: [phone]
Tel: [phone]	Tel: [phone]

About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The Company produces its fishmeal and fish oil from anchovy harvested off the coast of Peru, and most of its production is exported. Key countries for export are China, Japan, Germany, Canada, Chile and Denmark.  Typical customers are fish and animal feed producers as well as refineries for omega-3 products.  Copeinca ASA runs its operations out of Lima and has its own fleet.  Copeinca ASA operates 5 plants located in strategic locations all around the Peruvian coast line. The company has around 1,400 part and full time employees.

Please visit www.copeinca.com (http://www.copeinca.com/)

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Copeinca via Thomson Reuters ONE

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