Vannamei Shrimp

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Penaeus Vannamei vs. Penaeus Monodon

Source: FAO

P. Vannamei farming has grown vertiginously

Vannamei farming

0

500

1000

1500

2000

2500

3000

3500

TH

OU

SA

ND

TO

NS

Penaeus vannamei

Penaeus monodon

Penaeus vannamei 77 78 88 120 134 109 121 142 140 173 194 186 145 268 473 983 1298 1647 2091 2297

Penaeus monodon 200 258 290 374 439 495 559 566 537 480 503 548 631 673 632 724 708 665 637 590

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Last 7 Years average annual growth 211%

Urner Barry's: Vannamei Shirmp (HLSO) - Price $/lb (Ex-Warehouse, East or West Coast)

0

1

2

3

4

5

6

Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10

$/l

b

16/20 21/25 26/30 31/35 36/40 41/50 51/60 61/70 71/90 91/110

VANNAMEI

HLSO

Projected Vannamei Shrimp Production (Tons) & Average price €

- 3 -

Pescanova’s Vannamei Shrimp project

The production traded through the Pescanova Group goes mainly to the US, the EU and Japan

Geographical breakdown of sales (2009,%)

47,111 tons in 2009

Other

9%

USA

39%

Europe

52%

41.166 42.558 43.984

27.703

27.711 30.85632.183

33.605

36.64441.547

4,48 4,57 4,57 4,57 4,57

20.000

40.000

60.000

80.000

2010 2011 2012 2013 2014

0

0,5

1

1,5

2

2,5

3

3,5

4

4,5

5

Own production Third part ies Average Sale Price

Farm ing Area

(ha)

Ecuad or 4,517

Nicaragua 5,553

Hond uras 1,200

Guat em ala 225

Tot al 11,495

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Vannamei Shrimp Farming Project of

the Pescanova Group

The Pescanova Group Project for “vannamei” shrimp farming is located in 4 countries: Nicaragua, Ecuador, Honduras and Guatemala.

Geographical diversification provides the greatest guarantee in terms of supply under potential problems such as diseases, unfavorable weather conditions, economic factors, labor or social problems, etc in any of the supplying countries.

Geographical diversification provides product availability all year round.

- 5 -

The Pescanova Group

Vannamei Shrimp Farming

• Vertical Integration:

– Traceability.

– Health Risks Control.

• Geographical diversification allowing:

– Guaranteed supply.

– Risk diversification (diseases, weather, financial,

labor, political, etc.).

– Year round availability.

– Dimension and Competitiveness.

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Traceability at the

Hatchery/Nursery

Control throughout the whole process

Breeders transportation

Genetic selection

Maturation

Nauplii hatching

Nauplii harvest

Nauplii packing

Naupplii is transported to larvae culture

Acclimatization

Larvae tanls (Nauplii to PL 5)

Nursery up to PL 12/15 ready for sowing

Feed preparation (microalgae)

Feed preparation (Artemia)

Hatchery Nursery

- 7 -

Broodstock Rearing

Genetic Selection

- 8 -

Broodsock

Breeders Selection

Genetic Selection

- 9 -

Nauplii

Own production of nauplii

• Traceability

• Certification

• Pathogen free

- 10 -

Larvae Laboratory

Algae Room

Larvinic

Biofilters Larvae delivery at Miramar

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Ecuador

Farming area: 4,517 ha.

Extensive Rearing

- 12 -

The Pescanova Group in Ecuador No. EXPORTADORES LIBRAS DOLARES %/10 %/PAIS

1 PROMARISCO S.A. 42.683.507 126.157.970 19,04% 12,90%

2 EXPORTADORA DE ALIMENTOS S.A."EXPALSA" 36.124.446 91.348.967 16,12% 10,92%

3 SOCIEDAD NACIONAL GALAPAGOS S.A. SONGA 26.312.376 70.838.968 11,74% 7,95%

4 INDUSTRIAL PESQUERA SANTA PRISCILA 31.515.264 69.921.502 14,06% 9,53%

5 OMARSA SA OPERADORA Y PROCESAD.D.PROD.MARINOS 24.041.788 64.714.447 10,73% 7,27%

6 EDPACIF EMPACADORA DEL PACIFICO S.A 17.136.321 33.294.795 7,64% 5,18%

7 EMPACADORA GRUPO GRANMAR S.A.(EMPAGRAN) 13.830.786 31.969.222 6,17% 4,18%

8 COSTASTRA S.A. 8.919.752 28.778.785 3,98% 2,70%

9 PROCESADORA Y EXPORTADORA DE MARISCOS S. A. 11.596.206 27.082.858 5,17% 3,51%

10 CRIADEROS DE MARISCOS S.A.(CRIMASA ) 11.996.866 25.945.149 5,35% 3,63%

TOTAL TOP-10 224.157.312 570.052.662 100% 67,75%

TOTAL PAIS 330.841.082 770.336.754

EXPORTACIONES ACUMULADAS A DICIEMBRE 2010

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Shrimp Farms - Ecuador

Bellavista

- 14 -

Shrimp Farms - Ecuador

Santa Cecilia

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Processing Plant - Ecuador

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Processing Plant - Ecuador

- 17 -

• A new processing line was built to process Darden’s value added products.

• The line includes a Frigoscandia IQF tunnel with a capacity of 2 TM/hour.

Promarisco – Processing Line

for Darden’s Value Added products

The Pescanova Group in

Nicaragua

Camanica

Serviconsa

- 19 -

The Pescanova Group

in Nicaragua

The Pescanova Group in Nicaragua (Camanica + Serviconsa)

was the top farmed shrimp exporter in 2010. Camanica

Serviconsa No.

EXP OR T A D OR ES LIB R A S D OLA R ES %/ 10 %/ P A IS

1 CAMANICA 12.241.420 29.322.342 39,43% 33,44%

2 SERVICONSA 6.451.619 16.391.867 20,78% 17,62%

3 CAMPA 4.050.204 10.225.300 13,04% 11,06%

4 SAHLMAN SEAFOODS 3.968.353 9.531.267 12,78% 10,84%

5 SEAFOOD INT. 4.337.514 7.834.341 13,97% 11,85%

T OT A L T OP - 5 31.049.110 73.305.117 100% 84,81%

T OT A L P A IS 36.612.200 74.207.295

EXP OR T A C ION ES A C UM ULA D A S A D IC IEM B R E 2010

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Processing Plant - Camanica

- 21 -

Larvae Laboratory

Miramar

The largest Larvae Culture Operation in Latin America

Monthly production

capacity 600 million larvae,

8 larvae rearing rooms with

20 ponds of 20 tons each,

6 raceways rooms with 20

ponds of 40 tons each.

- 22 -

Miramar – Algae Room

- 23 -

Shrimp Farms - Nicaragua

Agrimarsa II (Camanica)

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Shrimp Farms - Nicaragua

Playa Grande (Serviconsa)

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Grading and Processing

- 26 -

Processing Plant

Packing

- 27 -

The Pescanova Group in

Honduras

Lorette (Novahonduras)

No. EXPORTADORES LIBRAS DOLARES %/10 %/PAIS

1 SAN LORENZO 14.296.770 50.342.327 33,61% 31,75%

2 SANTA INES 11.565.467 30.995.452 27,19% 25,68%

3 LITORAL 5.472.860 14.338.893 12,86% 12,15%

4 DELI 4.977.066 13.139.454 11,70% 11,05%

5 NOVAHONDURAS 3.412.357 7.438.938 8,02% 7,58%

6 IBERMAR 2.563.420 6.511.087 6,03% 5,69%

7 MARISCOS ELMER 252.805 659.821 0,59% 0,56%

TOTAL TOP-7 42.540.745 123.425.972 100% 94,47%

TOTAL PAIS 45.029.066 130.044.906

EXPORTACIONES ACUMULADAS A DICIEMBRE 2010

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Shrimp Farms - Honduras

Elizmar

- 29 -

The Pescanova Group in

Guatemala N o . EXP OR T A D OR ES D E C A M A R ON LIB R A S D OLA R ES %/ 10 %/ P A IS

1 NOVAGUATEMALA, S.A. 7.993.529 22.386.256 34,23% 34,23%

2 ORO DEL PACIFICO, S. A. 9.851.210 20.194.980 42,19% 42,19%

3 ACUAMAYA, S.A. 4.725.000 9.213.750 20,24% 20,24%

4 PESCA, S. A. 660.122 2.601.910 2,83% 2,83%

5 COMARPA, S. A. 120.202 539.836 0,51% 0,51%

TOTAL TOP-5 23.350.063 54.936.732 100% 100%

TOTAL PAIS 23.350.000 54.936.732

EXPORTACIONES ACUMULADAS A DICIEMBRE 2010

- 30 -

Shrimp Farms - Guatemala

Itxan

- 31 -

Processing Plant Novaguatemala

- 32 -

Mechanical grading Weighing

Processing Plant - Guatemala

Brine bath

Freezing