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07-01-2010 08:58:00

New contract to build salmon recirculation hatchery in Chile

AKVA group has signed a contract with Sealand Aquaculture S.A. to build a

complete new salmon recirculation hatchery in Chile's 10th region. This system

is the second recirculation system to be delivered to Sealand Aquaculture S.A.

The first system was delivered last year.

The new system has a capacity to produce 6 million smolts annually in 5 cycles

of 1.2 million smolts. The system utilize both freshwater and saltwater sources

to create an optimal fish production environment through all stages of the

process from egg to smolt with high bio-security standards.

The contract value is approximately NOK 32 million.

Bryne, 7 January 2010

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Knut Molaug, Chief Executive Officer

Phone: +47 51 77 85 40

Email: kmolaug@akvagroup.com

Rolf Andersen, Chief Financial Officer

Phone: +47 51 77 85 48

E-mail: randersen@akvagroup.com

******************************

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)

[HUG#1371018]

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