Copeinca : UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFERS

 Copeinca : UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION
                          WITH THE VOLUNTARY OFFERS

The Board of Directors (the "Board") of Copeinca ASA ("Copeinca" or the
"Company") wishes to provide an update on the current situation with respect
to the voluntary offers for the Company.

On 23 May 2013, the Board of Directors of Cermaq ASA ("Cermaq") announced that
Cermaq (i) withdraws its current voluntary offer for Copeinca (ii) will not
accept the current offer for Copeinca from China Fishery Group Limited
("CFGL") and (iii) will support an initiative by Copeinca to solicit interest
from parties interested in Copeinca to maximize shareholder value

As per the announcement by CFGL on 11 May 2013, the CFGL offer for Copeinca at
NOK 59.70 per share will expire at 21:00pm CET on 23 May 2013. The Board notes
the announcement by CFGL on 21 May 2013 which states that CFGL's 50.1%
acceptance condition remains, and that in the event the current offer should
be unsuccessful, CFGL intends to make a new offer and will also consider
increasing the offer price above NOK 59.70 per share.

The Board has been informed by each of Dyer Coriat Holding SL ("DCH") and
Weilheim Investments SL ("Weilheim") that each of them will not accept the
current offer from CFGL. Together with the announcement from Cermaq, this
means that shareholders controlling 51.5% of Copeinca's outstanding shares
will not accept the current offer from CFGL and the Board consequently
recognises that the CFGL offer condition of minimum 50.1% acceptance will not
be satisfied.

The Board will reinitiate a process which will seek to maximise value for all
Copeinca's shareholders by soliciting interest from parties potentially
interested in acquiring Copeinca. The Board is confident that Cermaq, DCH
and/or Weilheim would consider favourably any transaction that may result from
such process, provided that this would be in the best interest of all
Copeinca's shareholders.

For further information, please contact:

Samuel Dyer Coriat
Chairman, Copeinca ASA
Email: sdyerc@copeinca.com.pe
Tel: + 51-(1)-213 4040

Mikkel Storm-Jensen                     Enrique Vivot
Managing Director and Co-Head of Nordic Managing Director and Head of Latam
IBD UBS                                Andean Region UBS
Email: mikkel.storm-Jensen@ubs.com      Email: enrique.vivot@ubs.com
Mobile: +44-77-7624 5160                Mobile: +54-911-3175 1173
Tel: +44-20-7567 2293                   Tel: +54-11-4316 0310
Per Even Hauge                      Torleif Ernstsen
Director                                Director
DNB Markets                           Carnegie
Email: per.even.hauge@dnb.no            Email: te@carnegie.no
Mobile: +47-97 13 58 66              Mobile: +47-93 40 93 88
Tel: +47-23 26 80 58             Tel: +47-22 00 93 88

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 

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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