Maruha Nichiro Seafoods, Inc. acquired 50% stake in Austral Fisheries Pty Ltd from Pescanova SA and other shareholder for €29.5 million in cash on December 4, 2013. Austral Fisheries reported net income of €4.02 million (AUD 5.13 million) and net sales of €50.89 million (AUD 64.86 million) for the year ended December 31, 2012. Pescanova SA will use the proceeds to repay its financing from banks. Antonio Morales of Latham & Watkins LLP acted as legal advisor to Pescanova SA. PricewaterhouseCoopers Co., Ltd. acted as financial advisor to Maruha Nichiro Seafoods, Inc. The currency conversion was done through www.oanda.com as of December 31, 2012.

Maruha Nichiro Seafoods, Inc. completed the acquisition of 50% stake in Austral Fisheries Pty Ltd from Pescanova SA on December 4, 2013.