Copeinca (OSL:COP) 2008 FISHING RESULTS

Copeinca (OSL:COP) Copeinca finished second in the year with a total own fleet catch of 10.7 % and total fish processed of 14.36%. It is also noteworthy that fish oil production had a 4.7% yield. Copeinca produced 170,000 MT of fishmeal and 35,500 MT of fish oil.

For the second season of the year (November - December) Copeinca processed 13.63% of the total catch. Of that percentage, 10.04% came from own fleet and 3.59% was purchased to third parties. Total production for the second season was 67,000 MT of fishmeal and 12,850 MT of fish oil.

As previously disclosed, Copeinca, on the first season of 2008 (April - June) processed 14.84 % of the total catch, of which 11.13 % came from our own fleet catch. Total volume produced in the first season was 103,000 MT of fishmeal and 22,650 MT of fish oil.

Even though Copeinca's own fleet catch efficiency was the best within the top 5, the company's total participation was a little lower than expected due to lower catch in the north coast of Peru (Chimbote) and higher catch in the center fishing area of Peru where Copeinca has limited plant capacity.

However, the surplus in fish oil production compensates the deficit in fishmeal production.



2008 Fleet Ranking
Real Catch Company m3 Capacity (%) (%) Tasa 28,935 13.8% 13.9% Copeinca** 21,805 10.4% 10.7% Hayduk 16,104 7.7% 7.3% Austral 15,960 7.6% 7.7% Diamante 15,271 7.3% 7.3% Otros 111,925 53.3% 53.1% Total 210,000 100.0% 100.0%

Source:SGS

For further information, please contact: CEO Samuel Dyer, sdyerc@copeinca.com.pe CFO Eduardo Castro-Mendivil, ecastromendi@copeinca.com.pe Tel. (511) 213-4000

About Copeinca ASA Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The Company produces its fishmeal and fish oil from anchovy harvested off the coast of Peru, and most of it's production is exported. Key countries for export are China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish and animal feed producers. Copeinca ASA runs its operations out of Lima and has its fleet. Copeinca ASA has 11 plants located in strategic locations all around the Peruvian coast line. The company has around 2,000 part and full time employees.

Please visit www.copeinca.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/137275/R/1284384/287776.pdf

Copeinca

http://www.copeinca.com/home.php

ISIN: NO0010352412

Stock Identifier: XOSL.COP