Morpol ASA : Morpol ASA : Bond Agreement between Morpol ASA and Norsk Tillitsman ASA Bond Issue 2011/2014

    Morpol ASA : Morpol ASA : Bond Agreement between Morpol ASA and Norsk
                     Tillitsman ASA Bond Issue 2011/2014




Press Release



Oslo, 30th of April 2013 Morpol ASA (OSE: MORPOL)



Bond Agreement between Morpol ASA and Norsk Tillitsman ASA Bond Issue
2011/2014



On the 17^th of December 2012 Marine Harvest ASA has acquired 48.5% of the
shares in Morpol from parties controlled by Jerzy Malek.

On the 25^th of March 2013 Marine Harvest ASA purchased another shares giving
the effective shareholding of 87.09% in Morpol ASA. 
The transaction must be approved by the EU Commission that enables Marine
Harvest ASA to execute voting rights for the acquired shares on the General
Meetings of the Issuer.
The approval from the EU Commission is expected to be issued in the second
half of 2013, 
however a change of control event has occurred. 
According to the Bond Agreement, a right of pre-payment (a "Put Option") at a
price of 100 % pf par plus accrued interest is triggered by a change of
control event.

The Put Option may be exercised before 29^th of June.

The Issuer has approached the Bond Trustee - Norsk Tillitsmann and requested
that a Bondholders' meeting will be summoned.

Morpol ASA's intention is to continue to finance operations with the current
bond loan and repay the Bond Issue at the Maturity Date, which is 3^rd
February 2014.

For further information, please contact:

Piotr Kapinos, Chief Financial Officer, p.kapinos@morpol.com, phone
+48512400151

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

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Source: Morpol ASA via Thomson Reuters ONE
HUG#1697818