Reference is made to the announcement from Copeinca ASA dated 30, Jan 2008,
regarding Copeinca ASA´s Employee Stock Option Program.

According to the authorization given to the board by the extraordinary general
meeting held on May 7, 2008, the board of Copeinca ASA was authorized to
increase the share capital by up to NOK 4,650,000 through the issue of up to
930,000 shares.

On January 11, 2010 the board of Copeinca ASA approved the distribution of the
remaining stock options.

1)       370,000 share options will be issued to nine key management employees
as detailed in Schedule II
2)       The strike price of the share options will be 45NOK.
3)       The options will vest over the next three years (subject to termination
of employment) at a rate of 33.3% per year to each employee.
4)       A maximum price (CAP) per share has been established at 120 NOK, if the
price of the shares at the time the options are exercised, exceeds 120 NOK, the
strike price will be adjusted upwards, so that the difference between the market
price and the strike price (the value of each option) is not greater than 80
NOKS.


Schedule II:

The following key management employees have been awarded the following number of
options (new holding of options in parenthesis)




 CEO                Samuel Dyer Coriat      130,000 options  (350,000)

 Deputy CEO         Pablo Trapunsky          45,000 options  (145,000)

 CFO                Eduardo Castro-Mendivil  35,000  options (135,000)

 Fleet Manager      Reserved                 70,000  options   (70,000)

 Production Manager Douglas Bucchelli        30,000 options    (70,000)

 CSO                Mercedes Tang Tang       20,000  options   (60,000)

 Legal              Giuliana Cavassa         10,000 options    (30,000)

 HR Manager         Nathalie Mas             20,000  options   (40,000)

 Logistics Manager  Clemencia Barreto        10,000  options   (30,000)

 Total                                      370,000 options    (930,000)

For further information, please contact:
CEO Samuel Dyer, sdyerc@copeinca.com.pe 
CFO Eduardo Castro-Mendivil, ecastromendi@copeinca.com.pe

Tel. (511) 213-4000

About Copeinca ASA
Copeinca  ASA is one of the largest fishmeal and fish oil producers in Peru. The
Company  produces its fishmeal and fish oil from anchovy harvested off the coast
of  Peru, and most of  its production is exported.  Key countries for export are
China,  Japan, Germany, Canada,  Chile and Denmark.   Typical customers are fish
and  animal feed producers as well as refineries for omega-3 products.  Copeinca
ASA  runs  its  operations  out  of  Lima  and  has its own fleet.  Copeinca ASA
operates  6 plants located in strategic locations  all around the Peruvian coast
line. The company has around 2,000 part and full time employees.

Please visit www.copeinca.pe <http://www.copeinca.com/>

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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