Morpol ASA: Amendment of the credit agreement dated 21st December 2010

Tue Apr 2, 2013 1:51pm EDT

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Press Release
Morpol ASA - Amendment of the credit agreement dated 21st December 2010

Oslo, 02nd April 2013: Morpol ASA (OSE: MORPOL)

On 29th March 2013 the Company received the amendment letter to the credit agreement. The letter
changes the following main terms of agreement:

1The Margin on the facility is 3.75 per cent per annum. 
2The gearing ratio at the 31.03.2013 and 30.06.2013 should not be higher than 6,0. 
3A consent fee for the amendment amounts to 0,15 per cent point of the total commitments. 

Other terms and conditions specified in the Agreement remain unchanged.  

Morpol had a net interesting bearing debt of EUR 187,2 million at the end of Q4 2012.

For further information, please contact:
Piotr Kapinos, Chief Financial Officer,  phone
+48 512 400 151

About Morpol
The Morpol Group is engaged in salmon processing as well as sale and distribution of finished
salmon products. The Morpol Group's main products are: cold and hot smoked salmon, gravadlax,
fresh salmon fillets, frozen salmon portions, organic salmon, wild salmon and salmon specialties.
The Morpol Group also has salmon farming activities in Scotland since 2010 and Norway since 2011.
The Morpol Group had revenue of approximately EUR 495 million in 2011.

Founded in 1996 in Ustka on the Baltic coast of Poland, the company employs over 4000 people in
nine countries. Morpol Group is the world leader in smoked salmon. The company has achieved its
world leading position through the efficiency of processing activities, a constant focus on
product quality and service provided to retail and food service customers. Morpol serves customers
across Europe, Japan and the United States. For more information, please visit our web site at 

This information is subject of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.

Press release 


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Source: Morpol ASA via Thomson Reuters ONE