NORWAY ROYAL SALMON AS

Norway Royal Salmon ASA is a Norway-based fish farming company. The Company has activities in two main segments, namely fish farming and sales. The Sales segment includes the purchase and sale of salmon. The fish farming business includes salmon farming and harvesting activities. Norway Royal Salmon is involved in all stages of the process: production, harvesting, sales and marketing of salmon and trout. The Company’s product offering includes fresh and frozen salmon and trout. Its products were sold to customers in 49 countries worldwide in 2013. Most of the Company’s products is sold in Western Europe, Eastern Europe, Russia, Asia and the Middle East. As of December 31, 2013, the Company had four subsidiaries that owned a total of 25 licences. Additionally, it held minority interests in seven companies, three of which are fish farming companies, three are harvesting plants and two are smolt companies. As of December 31, 2013, its largest shareholder was Gaso Naeringsutvikling AS.