Mr. Hofseth (born 1974) incorporated Hofseth BioCare in 2009 and has served as a Member of the Board of Directors from incorporation until June 2010 and since October 2011. In 2001, Mr. Hofseth incorporated Hofseth Invest AS, which represented the beginning for the Hofseth group, which had developed from having one employee in 2001 to 130 in 2011. Mr. Hofseth has 20 years of experience in the fishery and food industry. This experience includes the founding of several companies and holding the position as member of the board and/or management position in several companies within the fishery, fish farming and ecological food industry.

Mr. Hofseth currently holds the following directorships, supervisory or leading management positions (other than positions in the Company and/or its subsidiaries):

• Norsk Fisketerminal AS - Chairman
• Roger Hofseth AS – Chairman
• Tyco Invest AS - Chairman
• Syvde Eiendom AS – Board member
• Hofseth AS - Board member
• Hofseth International AS - CEO
• Hofseth International AS - Board member
• Seafood Farmers of Norway AS - Board member