Merger of Aktieselskabet Schouw & Co. and BioMar Holding A/S The boards of directors of Aktieselskabet Schouw & Co. ("Schouw & Co.") and BioMar Holding A/S ("BioMar Holding") have agreed to recommend that the two companies merge with Schouw & Co. as the continuing company. Prior to the merger, a proposal will be made to issue bonus shares to the existing shareholders of Schouw & Co. at a ratio of one new share for every share held. The merger will be completed following the bonus share issue by each share in BioMar Holding with a nominal value of DKK 20 being exchanged for one share in Schouw & Co. with a nominal value of DKK 10. BioMar Holding is already a fully consolidated subsidiary in Schouw & Co's financial statements and the only effect of the merger is that there will no longer be minority interests in BioMar Holding. Questions relating to the above should be directed to the management boards of the two compa-nies: Jens Bjerg Sørensen, President, Schouw & Co., tel. + 45 86 11 22 22. Nils Agnar Brunborg, CEO, BioMar Holding, tel. +45 25 50 50 18. On behalf of the Board of Directors Jørn Ankær Thomsen Chairman, Schouw & Co. Jens Bjerg Sørensen Chairman, BioMar Holding
Merger proposal between Schouw & Co. and BioMar Holding A/S
| Source: BioMar Holding A/S