NOT FOR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA, 
JAPAN OR ANY OTHER JURISDICTION IN WHICH THE 
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Singapore, 24 May 2013 - China Fishery Group Limited 
("CFGL") refers to the offer document dated 13 March 
2013 (the "Offer Document") regarding the voluntary 
offer (the "Offer") to acquire all outstanding shares 
(the "Shares") in Copeinca ASA (the "Company", and 
together with its subsidiaries the "Copeinca Group") 
made by CFGL's indirect subsidiary Grand Success 
Investment (Singapore) Private Limited 
the "Offeror"). Reference is also made to the 
announcements from CFGL on 21 May 2013 regarding 
CFGL's intention to make a new voluntary cash tender 
offer to acquire all of the Shares of the Company; 
and the announcement from Cermaq ASA on 23 May 2013 
regarding its withdrawal of its Copeinca offer and 
decision not to accept the CFGL offer (the "Cermaq 
Announcement"); and the announcement from Copeinca on 
23 May 2013 regarding update in connection with the 
voluntary offers (the "Copeinca Announcement"). 

The acceptance period in the Offer expired at 21:00 
(CET) on 23 May 2013. The Offeror has received 
acceptances of the Offer for a total of 13,214,382 
Shares, including the pre-accepted shares, which 
together with the call option agreement of 6,295,100 
shares and the 5,773,000 Shares owned by the Offeror 
represents approximately 36.0% of the outstanding 
Shares and votes in the Company. This means that the 
condition for completion of the Offer set out in 
section 3.3 (a) (acceptance level) of the Offer 
Document has not been met. Accordingly, the Offeror 
will not complete the Offer and all acceptances 
received are automatically released.

With regards to a possible new voluntary cash tender 
offer to acquire all of the Shares of the Company, 
CFGL is currently reviewing its options in light of 
the Cermaq and Copeinca Announcements and will update 
the market within due course.

                      ***

The Offer and the distribution of this announcement 
and other information in connection with the Offer 
may be restricted by law in certain jurisdictions. 
CFGL does not assume any responsibility in the event 
there is a violation by any person of such 
restrictions. Persons into whose possession this 
announcement or such other information should come 
are required to inform themselves about and to 
observe any such restrictions.

This information is subject to the disclosure 
requirements set out in section 6-19 (voluntary 
offers) of the Norwegian Securities Trading Act.

Contacts

Skandinaviska Enskilda Banken AB (publ) Oslo Branch, 
financial adviser
Henrik Tangen, +47 2100 8511, henrik.tangen@seb.no

China Fishery Group Limited
Dennis Chan, Finance Director, +852 2589 4156, 
dennis.chan@chinafish.com
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