High Liner Foods Acquisition and Financial History

Flexible, Integrated Operations Three value-added seafood manufacturing facilities in North America Increased demand for value-added products increases plant efficiency Current manufacturing footprint: aggregate production capacity of 172M LBS based on current shift patterns Aggregate capacity could be increased to ~250M LBS by implementing a change in shift patterns and additional capital investment Ideal capacity ~85% to 90% to allow for seasonal demand surge Utilize a combination of Company-owned and third party- managed cold storage facilities Lunenburg, NS (Canada) Capacity p.a.: 50M lbs Newport News, VA (USA) Capacity p.a.: 61M lbs Portsmouth, NH (USA) Capacity p.a.: 61M lbs 21 21

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