Grieg Seafood — Capital/Financing Update 2014

Jun 3, 2014

Grieg Seafood ASA: Agreement on refinancing of the GSF Group

Grieg Seafood ASA: Agreement on refinancing of the GSF Group

Grieg Seafood ASA has entered into a new loan agreement with Nordea and Danske

Bank to refinance its existing credit facilities, totaling MNOK 1,500 over five

years. Of this, MNOK 900 is a loan repaid with MNOK 22.5 per quarter. GSF's

total credit limit increases through this financing agreement with MNOK 495,

resulting in a solid financial foundation for the company's further growth.

The terms reflect that the selected banks have confidence in GSF. The financial

covenants state that the equity should be minimum 35% and NIBD/EBITDA must be

under 4.5. Given an equity higher than 40%, NIBD/EBITDA can to be up to 5.0.

NIBD/EBITDA can also be up to 6.0 for three quarters.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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