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AKVA group completion of IPO


AKVA group ASA (AKVA) has completed a share issue and secondary sale at NOK 35 per share.

The indicative price range was NOK 33 to NOK 40 per share. The total number of shares sold in the offering was 6.54 million, of which 3.71 million new shares issued by the company and 2.83 million secondary shares sold by current shareholders.

After the new issue of shares, the marked capitalisation of AKVA group is approximately NOK 600 millio and the total number of shares is 17,209,069. AKVA group has approximately 270 shareholders after the new issue of shares and secondary sale. Pareto Securities ASA and SEB Ensiklda ASA have acted as managers for the offering.

Investors, who wish to enquire about the allotment of shares, may contact Pareto Securites ASA or SEB Ensikla ASA. Investors that have access to investor services through their account manager in VPS may review the allotment of shares from 9 November 2006.

Shares in AKVA group ASA are expected to be listed in Olso Børs from Friday 10 November 2006. The ticker is AKVA.

This release must not be distributed to or within the USA or to U.S - based news services.

Further information from:

Knut Molaug, Chief Executive Offices
Phone: +47 51 77 85 40
Email: kmolaug@akvagroup.com

Rolf Andersen, Finance Manager
Phone: +47 51 77 85 48
E-mail: randersen@akvagroup.com


AKVA group is the leading provider of technology to the fish farming industry and the only with global distribution. The products consists of software, sensor systems, feed systems and cage systems.

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