Austevoll Seafood ASA

CHANGE IN SEGMENT REPORTING STRUCTURE

From and including fourth quarter 2014, the

consolidated financial statement of Austevoll

Seafood ASA (AUSS) will include 100% of Br.

Birkeland AS (BRBI). Comparison figures have been

amended accordingly in conformity with IAS 8, and

the transitional rule in appendix C are amended to

comply with IFRS 10. This decision has been taken

following the Company`s dialogue with the Financial

Supervisory Authority of Norway (FSON), and based on

FSON's interpretation of IFRS 10, with cross-

references to IFRS 10.8, IFRS 10.B42, IFRS 10.B45

and IFRS 10.B18. Previously, and in accordance with

IAS 27, "Consolidated Accounts and separate Finance

Accounts", BRBI has been treated in the consolidated

figures in accordance with the equity method.

As a consequence of the changes in the group

structure over the latest years, AUSS has made a

revised assessment of its segment reporting, and has

decided to change the current segment reporting. The

future segment structure will be as follows; Lerøy

Seafood Group (Europe), Foodcorp (Chile), Austral

Group (Peru), Br. Birkeland (Norway) and the

associated company Pelagia AS (Europe). The

structure change will be reported in the financial

report of AUSS as from fourth quarter 2014, and

comparison figures have been amended accordingly.

AUSS welcomes all to a presentation of its 2014

fourth quarter results, Tuesday 24 February at 0900

hrs. at Hotel Continental in Oslo.

This release is published in accordance with the

Norwegian Securities Trading Act section 5-2.

Contact person:

CFO Britt Kathrine Drivenes tel.: +47 91 66 10 37

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