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2015-05-20

The Scottish Salmon Company: The Scottish Salmon Company PLC Q1 2015 Results

A strong start to the year with INCREASING exports for The Scottish Salmon
Company

· Quarter harvested volumes of 6,261 tonnes (Q4 2014: 6,004
tonnes)

· Net Q1 operating revenues were £27.3m, compared with Q1 2014
(£27.7m)

· EBIT/kg £0.75 (Q4 2014: £0.68) before fair value adjustments

· Exports account for 45% of revenue (Q4 2014: 42%), with sales
to 24 countries

The Scottish Salmon Company had a strong operational start to the year with
revenues in Q1 2015 of £27.3m. Its efforts have primarily focused on the
growth opportunities in the international markets and the strong demand for
quality Scottish salmon produced using the best sustainable practices.

The Company achieved increased harvest volumes for the quarter on this time
last year, with 6,261 tonnes, an increase of almost 4 per cent on Q1 2014.
It has also exhibited a strong EBIT/kg before fair value biomass adjustment,
at £0.75kg and higher than the £0.68kg achieved in Q1 2014.

During Q1 the Company continued to build upon its international success with
existing customer partnerships overseas, as well as increasing its reach into
new territories through an intensive global trade programme. This has seen
the Company increase its export activity now selling to a total of 24
countries, ensuring its strategy to diversify into new markets is achieved.
Combined with the existing domestic sales in the UK, The Scottish Salmon
Company has continued to deliver solid performance.

The Company will continue its commitment to international growth, attending
nine international trade shows this year including Brussels, Boston and Hong
Kong. The Company is also driven to maximise Scottish Government's theme for
2015 - Year of Food&Drink - working closely with key partners to ensure
Scottish salmon remains a quality, sought after product across the globe.

As part of the Company's ongoing commitment to growth in Scotland and the
development of new and existing sites in the Hebrides, preparatory work is
currently underway on two new sites to be stocked this Autumn. These sites
will adopt the same sustainable operations and processes exhibited across the
rest of the business.

Managing Director of The Scottish Salmon Company, Craig Anderson said:

"We delivered a record breaking year in 2014 and with strong results for Q1
2015 we intend to continue to build on this success and ensure sustainable
growth is achieved for the business and our shareholders. Maintaining
customer partnerships and exports will remain a key priority during the year.

"2015 is already providing some strong opportunities with an added focus on
the food sector resulting from Scotland's Year of Food and Drink. We continue
to have a strong platform for development with export sales now accounting
for 45% of revenue."

"Salmon is the UK's largest food export, reaching £500m for the first time
ever in 2014 and, as one of the leading producers of quality Scottish salmon,
we are proud of Scotland's position as a premier food producer. Our focus and
efforts around Scotland's Year of Food and Drink will continue to reinforce
the nutritional benefits of our salmon, as well as our leading sustainable
production methods that will support the growing international demand for
Scottish salmon."

Further information:

www.scottishsalmon.je

· The Scottish Salmon Company Limited (SSC) is based and operated in
Scotland making it the largest salmon farming company with a 100 per cent
focus on Scotland.

· SSC produces around 30,000 tonnes annually, about 20% of total Scottish
salmon. It supplies leading UK and European retailers and exports to more
than 24 countries worldwide.

· SSC operates 60 sites including marine farms, freshwater hatcheries,
harvesting and processing facilities and offices, in two distinct areas of
operation in the Highlands and Islands, the Western Isles, and in
Argyll&Bute.

· The Scottish Salmon Company employs over 450 staff across a wide range
of disciplines located in remote rural areas of the West Coast of Scotland.

· Registered in Scotland, The Scottish Salmon Company Limited is a
subsidiary company of The Scottish Salmon Company PLC, which is listed on the
Oslo Bors stock exchange.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
SSC PLC Q1 2015 Presentation
http://hugin.info/143286/R/1922638/689333.pdf
SSC PLC Q1 2015 Report
http://hugin.info/143286/R/1922638/689329.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The Scottish Salmon Company via Globenewswire

HUG#1922638

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