Aker Seafoods offers to repurchase Bonds AKS 05 (Regulatory release)

Today, July 2 2009, Aker Seafoods has sent a conditional offer to
repurchase a Bonds (ISIN No: IS 0000010874) (the "Bonds") issued and
listed on Nasdaq OMXNordic Exchange Iceland under the name AKS 05 1
at par of exchange. The Bonds are referred to in Aker Seafoods'
annual report 2008 (note 25). The Bonds were obtained in Iceland in
the year 2005 and its loan term ends in 2010. The repurchase of the
bond loan is with reservations, which among others depends on
qualified financing, acceptance grade, and access to foreign currency
at the time of settlement.

The offer to repurchase the Bonds is a part of the long-term plan for
Aker Seafoods ASA as communicated in the stock exchange release on
23.03.09. The acquisition is thereby part of the framework for a
financial corroboration of the company that the board has been
working on since the publishment of the stock exchange release
mentioned above. The financing of the repurchase is likely to consist
of external financing combined with capital from the company owners,
and Aker, who is the primary owner of the company, has communication
that it is positive to contribute to carry out the plan.

The background for the repurchase of the Bond in Iceland is that the
interests have increased in 2009. In addition, there is a foreign
exchange risk towards the Icelandic krona (ISK) as the original swap
agreements between Aker Seafoods and the Icelandic counterparty have
beenterminated due to the opponent's financial situation. The Bonds
with thebelonging swap agreements has been disclosed and commented on
in Aker Seafoods' last two quarterly presentations, and a prospective
positive financial outcome of the transactions is yet not possible to
quantify.
The offer document, further describing the terms and conditions of
the offer is enclosed to this announcement.

For furter information, please contact:
Yngve Myhre, CEO, Aker Seafoods ASA. Telephone +47 24 13 01 60 Gunnar
Aasbø, CFO, Aker Seafoods ASA. Telephone +47 24 13 01 60


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

Source: Millistream / Hug