Lakeland Smolt Lt

Lax AS. Until 1987, the company held Bjørn Myrseth`s shareholdings in Stolt Sea Farm, where Bjørn Myrseth was employed as Managing Director from 1972 until 1987. In 1987 the shareholdings in Stolt Sea Farm was sold and Marine Farms started its own international investments in fish farming. Bjørn Myrseth is still CEO and a significant shareholder of Marine Farms ASA.

Marine Farms' core competence is its technical and biological know-how and innovativeness. The company's operations mainly consist of salmon farming in the U.K. and seabass / seabream in Spain. These activities are run through the 100% owned companies Lakeland (U.K.) and Culmarex (Spain), both being fully integrated companies and among the most profitable in their respective markets. In addition, Marine Farms ASA is engaged in farming of the fast growing marine species cobia in both Belize and in Vietnam.

The Group had a turnover of NOK 879 mill in 2009 (IFRS) and had 624 employees per 31.12.2009.