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Grieg Seafood 23 Largest shareholders of Grieg Seafood ASA at 31.12.2010 GRIEG HOLDINGS AS 48.03 % TEIGEN 9.74 % ODIN NORGE 4.27 % HALDE INVEST AS 4.03 % ODIN NORDEN 3.65 % DNB NOR SMB 3.13 % YSTHOLMEN AS 2.57 % REAL SALMON 2,22 % SKANDINAVISKA ENSKILDA BANKEN 1.52 % METEVA AS 1.25 % OTHER SHAREHOLDERS 18.36 % Financial 2010 ROCE * 19.8 % EK % 48.9 % NIBD ** 1 047 NIBD/EBIDTA 1.53 * Retun on capital employded ** Net interest bearing debt Price development Salmon price/kg in NOK GSF share in NOK 50 45 40 35 30 25 20 15 10 5 0 2008 2009 2010 2011 Production capacity Management Expected harvest in 2011 64.800 tons GWE CEO Production capacity. Total capacity 90.000 tons GWE Morten Vike 30000 Biological perfor- CFO mance & planning Atle Harald Frode Mathisen Sandtorv 25000 20000 Feed & CAO Nutrition Trude Østvedt 15000 Tor Eirik Homme 10000 Finnmark B.C. Shetland Rogaland 5000 Håkon Volden Stewart Michael Stark Alexander Hawthorn Knudsen 0 Rogaland Finnmark BC Shetland