AKER BIOMARINE ASA 
By
Aker BioMarine entered into an agreement with Krillsea Group
AS on 18 October 2011 regarding an acquisition of the krill
fishing vessel Thorshøvdi for approximately NOK 138.9
million. The agreement was consummated on 20 October
2011.
The purchase was financed by continuation of the previously
provided loan from Innovasjon Norge in the amount of
approximately NOK 108 million and an additional loan in the
amount of NOK 30 million.
As part of the consummation of the purchase, all existing registered mortgages in the vessel have been deleted and replaced by a first priority mortgage in favour of Innovasjon Norge as security for the abovementioned loans.
The vessel is acquired with connected fishing gear for continued operation and in connection with the purchase, Aker BioMarine has been awarded a purchase approval and a krill trawl concession for fisheries of krill in remote waters by the Directorate of Fisheries.
Following consummation of the purchase of Thorshøvdi, Aker BioMarine will own and operate two krill trawlers and one freighter vessel in the Antarctic. This is in accordance with the company's previously stated long term strategic plan based on increasing demand for both Qrill™ and Superba™ krill, as well as stricter requirements for redundant harvesting and production capacity.
Aker BioMarine will now assess what upgrades and improvements that are required for Thorshøvdi to be able to operate in an optimal manner. The company will perform such upgrades during the next months, but will disclose further details about timing and financing of such upgrades at a later stage.
For further information regarding Aker BioMarine, please contact:
Hallvard Muri, CEO, Aker BioMarine, tel: +47 24 13 00 00
Fredrik Nygaard, CFO and IR contact, Aker BioMarine, tel.: +47 24 13 00 00
As part of the consummation of the purchase, all existing registered mortgages in the vessel have been deleted and replaced by a first priority mortgage in favour of Innovasjon Norge as security for the abovementioned loans.
The vessel is acquired with connected fishing gear for continued operation and in connection with the purchase, Aker BioMarine has been awarded a purchase approval and a krill trawl concession for fisheries of krill in remote waters by the Directorate of Fisheries.
Following consummation of the purchase of Thorshøvdi, Aker BioMarine will own and operate two krill trawlers and one freighter vessel in the Antarctic. This is in accordance with the company's previously stated long term strategic plan based on increasing demand for both Qrill™ and Superba™ krill, as well as stricter requirements for redundant harvesting and production capacity.
Aker BioMarine will now assess what upgrades and improvements that are required for Thorshøvdi to be able to operate in an optimal manner. The company will perform such upgrades during the next months, but will disclose further details about timing and financing of such upgrades at a later stage.
For further information regarding Aker BioMarine, please contact:
Hallvard Muri, CEO, Aker BioMarine, tel: +47 24 13 00 00
Fredrik Nygaard, CFO and IR contact, Aker BioMarine, tel.: +47 24 13 00 00
