Press Release

BIOFISH HOLDING AS: MR. OLE FREDRIK SKULSTAD, MANAGING DIRECTOR OF ITŽS WHOLLY OWNED SUBSIDIARY BIOFISH AS, STEPS DOWN

Mr. Ole Fredrik Skulstad, Managing Director of the wholly owned subsidiary
Biofish AS, has decided to step down. The Board of Directors of BioFish would
like to thank Mr. Skulstad for his valuable contribution as Managing Director
for Biofish AS and his considerable efforts to bring the RAS-facility at Ljones
to its current state.
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