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Published on 4/25/2006 in the Prospect News PIPE Daily.

New Issue: Leroy Seafood wraps NOK 440.3 million private placement of stock

By Sheri Kasprzak

New York, April 25 - Leroy Seafood Group ASA said it has settled a private placement for NOK 440.3 million.

The company sold 3.4 million shares at NOK 129.50 each.

Pareto Securities ASA was the placement agent.

The proceeds will be used for the acquisition of Fossen AS, a seafood company, and for general investment purposes.

Based in Bergen, Norway, Leroy distributes and markets seafood.

Issuer:Leroy Seafood Group ASA
Issue:Stock
Amount:NOK 440.3 million
Shares:3.4 million
Price:NOK 129.50
Warrants:No
Placement agent:Pareto Securities ASA
Settlement date:April 24
Stock symbol:Oslo: LSG
Stock price:NOK 130 at close April 24

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