Reference is made to the stock exchange announcement made by China Fishery Group 
Limited (" CFGL" ) on 22 March 2013.
 
Copeinca's board of directors considers CFGL's announcement speculative and with 
the  sole  purpose  of  preserving  the  interest  of CFGL, and considers CFGL's 
announcement  misleading  for  investors  who  wish  to make informed investment 
decisions with regard to the Copeinca shares.
 
As  per earlier announcements,  Copeinca's board of  directors is, together with 
its  advisors, actively  considering all  options to  maximize value  for all of 
Copeinca's  shareholders. The  key focus  of these  considerations is continuing 
discussions  with parties potentially  interested in making  an offer for all of 
the  shares in Copeinca, at better terms  than, and within the timeframe set by, 
CFGL's  offer. The board of directors is  pleased with the progress made in this 
regard and will revert with further updates and recommendations in due course.
 
In  the event  of any  shareholder concerns  caused by  CFGL's announcement with 
regard  to Copeinca's authorization to issue new shares, the board of directors 
wishes  to  express  that  it  would  only  consider  using this if it is deemed 
necessary  to  maximize  the  value  for  all Copeinca's shareholders. Using the 
authorization  simply to  block CFGL's,  or any  other potential bidder's offer, 
without  ensuring that  a more  favorable offer  is presented  to all Copeinca's 
shareholders,  would  hence  not  be  considered  by  the  board of directors of 
Copeinca.
 
For further information, please contact:
 
Samuel Dyer Coriat 
Chairman, Copeinca ASA 
Email: [email protected] 
Tel: + 51-(1)-213 4040