Reference is made to a press release from Uniol AS dated 22 November
2009 concerning shutdown of operations as well as the recent media
reports relating to potential introduction of tax on biodiesel.

Cermaq has a direct ownership of 12.9 percent in Uniol. In addition
Cermaq's subsidiary Norgrain AS, of which Cermaq holds 72.5 percent,
holds 27.1 percent of the shares in Uniol. Book value of Cermaq
Group's total engagement in Uniol is NOK 85 million.

The engagement in Uniol is not part of Cermaq's core business, and
any discontinuation of Uniol's activity will not have any cash effect
for the Cermaq Group.

Cermaq will consider any accounting effects of its investment when
the outcome of Uniol's situation is clarified.

Further information - please contact:
Geir Sjaastad, Project Director, phone: + 47 23 68 50 11, mobile: +
47 90 51 48 31
Tore Valderhaug, CFO, phone: + 47 23 68 50 38, mobile: + 47 99 56 09
25

About Cermaq
Cermaq is an international group of companies with activities in fish
farming, production  of salmonid  feed and  research in  aquaculture.
Cermaq has operations in Norway, Scotland, Canada and Chile, the main
geographic regions for  salmon and  trout farming.  Through its  EWOS
subsidiary, Cermaq  ranks as  the world's  second largest  fish  feed
producer. The Mainstream subsidiary is  the second biggest farmer  of
salmon and trout in the  world. The group had  sales of over NOK  9.8
billion in 2008. Per 30 September 2009 the group employs around 2 500
people. Cermaq is listed on the Oslo stock exchange with ticker  code
CEQ.
www.cermaq.com


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