Schouw & Co. — M&A Activity 2013

Jan 23, 2013

TO: THE DANISH FINANCIAL SUPERVISORY AUTHORITY COMPANY ANNOUNCEMENT AND NASDAQ OMX COPENHAGEN NO. 1/2013, JANUARY 1, 2013

1 PAGE

Divestment of shares in Lerøy

Schouw & Co. has divested the Group's holding of 1,000,000 shares in Lerøy Seafood Group, which were hold by the subsidiary BioMar AS in Norway.

The shares in Lerøy were acquired in connection with the sale of BioMar's subsidiary Sjøtroll Havbruk in the autumn of 2010, and the sale is part of Schouw & Co.'s continuing focus on its core activities.

The shares were sold at a price of NOK 145 per share, and the proceeds will be used to reduce the Group's interest-bearing debt.

Aktieselskabet Schouw & Co.

Jørn Ankær Thomsen Jens Bjerg Sørensen Chairman CEO

Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on tel. +45 8611 2222.