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10 Ethics Grieg Seafood has implemented ethical guidelines. as part of an active, international business environment, Grieg Seafood accepts responsibility for ethical awareness. Our activities are closely connected with the communities we operate in, and we want to emphasize measures to raise ethical awareness among our employees. Grieg Seafood promotes high ethical standards. We acknowledge that the practice of establishing an unambiguous and across- the-board Code of Conduct is challenging for a business with international operations. Thus, our standards are developed with the intent to maintain high ethical practices relative to norwegian circumstances, and at the same time give clear guidance when our employees’ dilemmas confict with other management and business cultures. The guidelines are based on simple principles of transparency and reporting. instead of implementing a complex set of rules, we instruct our employees to document and report to superiors when facing corruption, facility payments and other situations that pose ethical problems. Such practices contribute to an internal discussion of diffcult subjects and maintain ethical awareness. please visit www.griegseafood.com for details. Management principles • We are open and honest • Today we shall do better than yesterday • We do what we say • We are positive and enthusiastic • We care