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Acuicultura en Tierra
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Changes in management


Rolf Andersen has today resigned from his position as Chief Financial Officer in the company to seek new career opportunities. He will step down from the CFO position as of today and will have his last working day by the end of February.

Morten Nærland has on a temporary basis accepted the position as the Chief Financial Officer as of today.  Morten Nærland has been with AKVA group since 2001 and is coming from the position as Deputy CEO of AKVA group. Prior to this he has had the position as General Manager of AKVA group Chile (2006-2009) and prior to this as CFO of AKVA group (2001-2006).

At the same time the General Manager of AKVA group North America, Patrick Dempster has informed that he wants to return to Chile with his family later this year. As a consequence he will depart from AKVA group during May this year.  Wade Kaskiw, who is presently CFO of the Canadian operations, has accepted to take on the new role as General Manager for AKVA group North America. Also Mr. Keith Richford has accepted the role as Sales and Market Manager for the North American market and he will therefore move with his family to the main office in the West coast of Canada (Campbell River). Currently he is in charge of sales of Production Control systems in AKVA group and located on the East Coast of Canada (Halifax).

Bryne, 25 January 2010

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Molaug,    Chief Executive Officer

Phone:              +47 51 77 85 40          +47 90 13 95 22

E-mail:             kmolaug@akvagroup.com

Morten Nærland,Chief Financial Officer

Phone:              +47 51 77 85 00          +47 91 80 40 32 / +56 998 84 04 23

E-mail:             mnaerland@akvagroup.com

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AKVA group is the leading provider of technology to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)


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