BioMar Holding A/S - BioMar enters into agreement to divest ownership stake in Aqua Gen AS

BioMar enters into agreement to divest ownership stake in Aqua Gen AS
BioMar has in cooperation with 3 other shareholders entered into an
agreement to divest a collective ownership stake of 50.2 % in Aqua
Gen AS to EW GROUP GmbH. EW Group GmbH is a leading supplier of
genetic material for the poultry industry. The majority owner is
expected to contribute to the continued growth of Aqua Gen As and the
long term development of the aquaculture industry.
BioMar's ownership stake amounts to 5.2 % of the share capital in
Aqua Gen AS. Divestment of BioMar's ownership stake is expected to
result in net proceeds of approx. DKK 40 million. At the end of 3rd
quarter 2007 the ownership stake was in the accounts of BioMar at a
value of approx. DKK 4 million. BioMar's profit of approx. DKK 36
million is not taxable.
The agreement is conditional upon approval by relevant authorities as
well as the board of directors of Aqua Gen AS. Furthermore the
remaining shareholders in Aqua Gen AS has a first right of refusal to
acquire the shares (at the same price and terms). The transaction is
expected to be completed during 1st quarter 2008.
Aqua Gen AS is a Norwegian company with activities within breeding of
Atlantic salmon and rainbow trout. The company is the largest
suppliers of eggs to farming of Atlantic salmon and rainbow trout.
BioMar has been a shareholder of Aqua Gen AS since 1993. During the
last years the ownership stake has been considered a financial
investment.

Outlook for 2007
As the transaction is not expected to be completed in 2007 there are
no changes to the expectations for EBIT and results before tax for
2007.

Yours faithfully,

Jens Bjerg Sørensen                          Nils Agnar Brunborg
Chairman of the Board     CEO


Contacts:                      CEO
Nils Agnar Brunborg, tel. +45 25 50 50 18
Investor Relations Manager
Jens Michael Haurum, tel. +45 96 61 31 24