Information from the BOD of Villa Organic
Structural process of selling of shares A Notice regarding structural process of selling a majority of the shares was published on the 1st of December this year. The BOD has evaluated a process for a structural sale of a majority of the shares in Villa. Based on advise from the BOD the shareholders representing 64 % of the shares in Villa has put a structural sales of shares on hold.
New management in place. The new management CEO Jan Fossberg and CFO Vidar Skaar is in place and the BOD has given the new management a mandate to present a new business plan including to discuss Villa’s different strategic options. Additionally the focus should be on improving the running operations.
Additional information Villa Organic per Q3. Based on the Q3 report and the plan for the rest of the year the company is expected to make a profit in Q4. Villa Organic wants to provide further information regarding the Q3 report that was published medico October this year, as follows; Per Q3 the biomass reached 9795 tons. In Møre 450.000 smolt were released primo August and biomass per September was abt. 81 tons. The key figures for the biomass in Finnmark:
| Generation | Tons (Biomass) | Average weight kg |
| 2007 | 3 308 | 4,26 |
| 2008 | 5 381 | 2,46 |
| 2009 | 1 025 | 0,44 |
| Total | 9 174 |
Total smolt release in Finnmark and Møre in 2009 was abt. 3 mill smolt. Accumulated cost of fish in sea in Finnmark for 2007 generation was NOK 17,13 and for 2008 generation NOK 20,20. Harvested volume in Q3 was 1959 tons. The production plant in Finnmark started production medico August. Expected harvest volume in Finnmark in Q4 is abt. 3.000 tons. Smolt supply is secured through own production (1,5 mill) and long term agreement with another supplier ( 2 mill). Own production of smolt is planned to double in the next years to 3 mill smolt given that license is granted. Villa Organic 2009-12-17