Q4 2008 Harvest Volumes
As previously communicated Marine Harvest has a policy of reporting
actual harvest volumes shortly after the end of each quarter. The
harvest volumes are provided in head on gutted (HOG) equivalents.
Harvest volumes Q4 2008 (HOG)(2)
Norway 53 thousand tonnes
Chile(1) 15 thousand tonnes
Canada 8 thousand tonnes
Scotland 10 thousand tonnes
Other 4 thousand tonnes
Total 90 thousand tonnes
Notes:
(1) Sold volume for Chile
(2) Figures include salmonid species only
In connection with the presentation of the Q3 2008 results, Marine
Harvest guided a total harvest volume of 82 thousand tonnes (HOG) for
Q4 2008.
Marine Harvest will post its Q4 results on 4 February.
Aker Seafoods ASA
Marine Harvest has decided to fulfil its obligations under the forward contract relating to shares in Aker Seafoods, which expires 15 January 2008. As a consequence Marine Harvest will resume formal ownership of 5,800,531 shares in Aker Seafoods. The shares will be acquired in accordance with the terms of the forward contract at NOK 48.34 per share. Following the transaction Marine Harvest holds 5,800,531 shares in Aker Seafoods, equating to approximately 11.9% of the outstanding shares. In the accounts of Marine Harvest, the forward contract has been valued in accordance with mark to market principles, and the transaction will consequently be neutral from a P&L point of view in Q1 2009. The transaction will not impact net interest bearing debt. The shares in Aker Seafoods will be reported as a financial investment going forward.
For further information please contact:
Jørgen K Andersen (CFO) +47 951 43 854
Henrik Heiberg (VP Finance & Treasury) +47 917 47 724