Commenting, the company said that with the additional funding, Marine Farms should have sufficient liquidity available to fund its scheduled organic growth over the next few years.

The company plans to double production, from 15,000 tonnes to 30,000 tonnes of fish.

The new credit facility is expected to be finalised by the end of the month. It is in addition to the NOK 510 mill multicurrency facility

already in place.

Marine Farms' operations mainly consist of salmon farming in the UK and seabass/seabream in Spain. These activities are run through the 100% owned companies Lakeland (UK) and Culmarex (Spain). In addition, Marine Farms ASA is engaged in farming of the fast growing marine species cobia in both Belize and in Vietnam.

The Group had a turnover of approximately NOK 600 mill in 2006 (IFRS).

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