AKVA Group ASA Announces Results of Offer Made by Kontrari AS

AKVA Group ASA announced that the offer period for acquisition of all outstanding shares in the Company not already owned by Kontrari AS has expired on August 19, 2011. At the expiry of the offer period, Kontrari AS had received acceptances for in aggregate 809,059 shares in AKVA group. Kontrari and related parties own 10,333,785 shares prior to the completion of the Offer. Consequently, as of August 22, 2011, Kontrari AS and related parties will own 11,142,844 shares in AKVA group after the completion of the Offer, representing 43.13% of the shares and voting rights in AKVA group. The number of acceptances received may change as a result of acceptances potentially not yet registered. The settlement for the shares will take place on August 26, 2011. Kontrari AS is 100% owned by Frode Teigen, who is board member of AKVA group ASA.