Reference is given to the Stock Exchange release from Marine Harvest dated 8th May 2009. In this release it is stated that Geveran Trading Co Ltd was allocated 20 million shares of the new issue. Geveran has in connection with the delivery of these shares arranged these shares as a TRS agreement with Carnegie ASA. The expiration date of the TRS agreement is 6th November 2009 and the initial price in the agreement is NOK 3.15 per share.
Following these transactions Geveran holds 1,079,632,775 shares equating to an ownership of 30.20% of the outstanding shares. The calculation is based on 3,574,898,329 shares outstanding. In addition Geveran holds TRS agreements with an underlying exposure to 100 million shares in Marine Harvest.
In the Stock Exchange release dated 8th May 2009 Geveran Trading has further informed that they have issued a call option on 10 million of these shares with a strike price of NOK 3.15 per share.
Geveran's total exposure including TRS and shares remains unaffected after this transaction.