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Date
January 2019

Pelagia and TripleNine have decided to end the cooperation with a combined sales set-up

Pelagia and TripleNine have decided to end the cooperation with a combined sales set-up of own products through Norsildmel.

NorsildmelA/S is owned 50% by TripleNine and 50% by Pelagia. The main activity of the company is trading of feed raw material to the European Aquafeed Industry, and the owners are among thecompany's largest suppliers.

The owners have decided to take over sale of their own production and will therefore liquidate thispart of Norsildmel's business. Operations in Norsildmel Innovation which is trading feed ingredientsfrom external suppliers, will continue as before.

The restructuring will be implemented in 2019 inclose dialog with customers, suppliers and employees. Norsildmel underlines to all stakeholders that in line with the company's tradition, it will fulfill all commitments and ensure the smoothest possible transition to the new trading pattern.

Any questions regarding this announcement should be directed to Group CEOJes Bjerregaard at +45 21 70 46 96.

Your contacts

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Kenneth Storbank

Chief Commercial Officer

+45 51 178 282 ks@999.dk