The Scottish Salmon Company Ltd successfully concludes exchange offer to acquire all issued and outstanding shares of Lighthouse Caledonia ASA

Reference is made to the combined offer document and listing prospectus dated 8 June 2010 (the "Prospectus"), issued by The Scottish Salmon Company Ltd ("SSC") and published and distributed to all Lighthouse Caledonia ASA ("LHC") shareholders of record.  The Prospectus set forth the terms of the voluntary exchange offer (the "Offer"), reports www.megafishnet.com with reference to Lighthouse Caledonia.

SSC is pleased to announce a successful completion of the Offer to acquire the issued and outstanding shares of LHC against consideration in the form of new shares in SSC. 

SSC and LHC have been advised by Pareto Securities AS, the receiving agent/manager for the Offer, that as of the expiration of the acceptance period at 17:30 (CET) on 1 July 2010, LHC shareholders had tendered in excess of 90% of the issued and outstanding shares of LHC.  The final percentage of tendered LHC shares will be announced when the final result is ready and counted. 

Settlement of the Offer, by way of receiving new shares in SSC as consideration in exchange for LHC shares, is expected to take place on or about 7 July 2010.  LHC shareholders who have tendered their shares into the Offer will receive 1 SSC share per 10 tendered LHC shares, based on the market price at the close of trading at Oslo Axess on 1 July 2010, being NOK 0.33 per LHC share, subject to the terms and conditions described in the Prospectus.

Listing of the SSC shares is expected to take place on or about 8 July 2010, with a corresponding delisting of the LHC shares.

As previously informed, and due to the completion of the Offer, SSC intends to initiate the compulsory acquisition (forced transfer) of any remaining, untendered LHC shares in accordance with Norwegian law.