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IMAREX NOS ASA takes strategic shareholding in Fish Pool ASA

[First published: Tuesday 27 February 2007 1:44:00 pm]

* Fish Pool ASA is Norway`s only operational market for seafood derivatives.
* IMAREX NOS ASA and other shareholders inject NOK 12 million in fresh capital
* IMAREX NOS ASA receives an ownership stake of 33.4 % with a option to acquire more than 50% by 2008.
* IMAREX and NOS to contribute expertise and infrastructure
* Fish Pool aims for rapid growth in transaction volumes in 2007

Oslo, 27 February 2007 - IMAREX NOS ASA
(OSE:IMAREX) have today signed an agreement to
become a strategic shareholder in Fish Pool ASA,
Norway`s only operational market for salmon
futures. The aim is to help building a liquid
international market for seafood derivatives.

IMAREX NOS and other key shareholders will make a
capital injection of NOK 12 million into Fish
Pool. In return IMAREX NOS receives an ownership
stake of 33.4 % and a further option to acquire
more than 50% by the end of 2008.

The agreement with IMAREX NOS gives Fish Pool new
financial strength and a perfect strategic
partner.

The financial seafood market, in which Fish Pool
is building a sizeable presence, has a lot in
common with many of the largest financial
commodity markets in the world. These include
soya, grains, coffee and meats where several
hundred billion US dollars trade on exchanges in
Chicago, London and Tokyo. Ocean freight, Nordic
electricity, and CO2 emissions - all markets in
which IMAREX and NOS are active, are also similar
in structure, with large global trading houses
and banks as customers.

`The market for financial seafood contracts shows
excellent promise for the future. It is large and
exciting! Fish Pool has already been active for
10 months and we can see transaction volumes
increasing steadily. Combined with our experience
and infrastructure, we are convinced that Fish
Pool is a winning formula. We will assist in
building a large and liquid market preferred by
the main participants in today`s fisheries
industries. We see Fish Pool as a very good
investment,` says Tom Even Mortensen, CEO of
IMAREX NOS ASA.

IMAREX and NOS` extensive experience in building
commodity markets with Norway as its base, but in
the face of strong international competition,
will contribute to making Fish Pool the most
competitive solution in the market.

`Our goal is to build a liquid market place for
financial seafood contracts. IMAREX has been very
successful with their unique concept. They have
built a healthy liquidity in their markets and
with IMAREX NOS as strategic investors we will be
stranger than ever before. We are following in
IMAREX` footsteps!` says Søren Martens, Managing
Director of Fish Pool ASA.

With IMAREX NOS onboard, Fish Pool will increase
its marketing efforts substantially. A fully
integrated trading solution, a broader marketing
apparatus and a new clearing solution is around
the corner. The investments being made are all
fully focused on rapid growth in liquidity among
Fish Pool`s 60+ international trading members in
2007.

For more information, please contact:

* Tom Even Mortensen, CEO of IMAREX NOS ASA,
tem@imarex.com Tel: +47 2389 4222

* Søren Martens, Managing Director of Fish
Pool ASA,
soren@fishpool.eu, Tel: +47 9308 2235

About the transaction:

IMAREX NOS ASA has entered into a subscription
agreement with the owners of more than 79 % of
the shares of Fish Pool ASA whereby IMAREX NOS
subscribes to a private placement of NOK 8
million and guarantees the subscription of
another private placement to Fish Pool`s existing
shareholders of NOK 4 million. These two private
placements will give Fish Pool NOK 12 million in
new capital and IMAREX NOS between 33.4 and 50%
of the shares. IMAREX NOS also receives an
option to subscribe to additional Fish Pool
shares within the end of 2008, which will give
the company more than 50% ownership of Fish Pool.

About IMAREX NOS ASA

IMAREX NOS ASA (OSE:IMAREX) owns and operates a
brokerage, an exchange, a clearing house and a
research house for commodity derivatives markets,
via its subsidiaries: International Maritime
Exchange ASA (the exchange), NOS Clearing ASA
(the clearing house), M-Tre Nordic AS (Nordic
electricity brokers), Guardian AS (brokers of
quotas for emission gases) and NENA AS (an award
winning research house specializing in European
Power and CO2 emissions.).

About Fish Pool ASA

Fish Pool ASA was established as the first
international market place for buying and selling
financial salmon contracts. The main share
holders are DnB NOR, Nordea, 3 regional savings
banks, GC Rieber AS and Bergen Energi AS. The
financial contracts listed at Fish Pool are
financial price risk tools which contribute to
better risk management, and increased
predictability in an industry characterized by
highly volatile prices.

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