Icelandic Salmon AS

Regulatory Filings • Jan 2, 2008

Disclosure 250846

Icelandic Group hf. - Company Announcement

- Icelandic USA sold the production facility and related equipment in Cambridge USA as well as Ocean to Ocean inventory in the USA and related USA trademarks.

Icelandic USA Inc. sold on December 31, 2007 the production facilities and related equipment in Cambridge, Maryland. No production has been in the facilities since June 2007, when the production of Icelandic USA was moved to one production plant in Newport News, Virginia. As mentioned in previous statements the closure of the Cambridge plant was the final step in the merger of Icelandic USA and Samband of Iceland which started in the year 2005. The Newport News facility is a newer facility and pocesses state of the art technology processes to serve Icelandic USA´s current customer base and has additional capacity for future growth. Icelandic USA´s subsidiary, Ocean to Ocean, has sold all of it´s inventory in the USA and related USA trademarks to Singleton Fisheries under the Meridian name. The sales have insignificant effects on the income statement and balance sheet of Icelandic Group. For further information: Björgólfur Jóhannsson, CEO of Icelandic Group Tel: +354 896 1455 About Icelandic Group Icelandic Group (OMX Nordic Exchange: IG) consists of an international network of production and marketing companies selling seafood products on global markets. In several markets the company enjoys the prominent position of its brand, ICELANDIC, especially within the food service sector. The company is also a major supplier to the retail sector through its branded or private label production. The Group employs approximately 4,600 people. The personnel include renowned experts in the fields of fishing and primary processing, product innovation and value-added processing, and in the worldwide marketing of seafood products.