Tallinn, Estonia, 2014-06-20 12:39 CEST(GLOBE NEWSWIRE) -- On 19 June 2014the Swedish Board of Agriculture decided to pay SEK 6,727,636(approximately 0.7 million euro) to Överumans Fisk ABas an additional compensation, therefore, the total amount of compensation is SEK 10,727,636(approximately 1.2 million euro) On 31 July 2013, Överumans Fisk AB, the fully owned subsidiary of AS Premia Foods, filed a claim of compensation of damage and loss of profit against the Swedish Board of Agriculture (in Swedish: Jordbruksverket) in connection with the administrative proceedings initiated against Överumans Fisk ABin May 2012resulting in the destruction of 17 tons of fish fingerlings. On 25 November 2013, the Swedish Board of Agriculture decided that the claim of compensation of damage of Överumans Fisk ABis justified and that there are legal grounds for satisfying the claim of compensation of damage and loss of profit. On 17 December 2013, the Swedish Board of Agriculture decided to make an advance payment to Överumans Fisk ABin the amount of SEK 4,000,000(approximately 0.5 million euro). The payment was received by Överumans Fisk ABon 19 December 2013. On 19 June 2014, the Swedish Board of Agriculture decided to pay SEK 6,727,636(approximately 0.7 million euro) to Överumans Fisk ABas an additional compensation. According to the resolution, the additional part of the compensation will be paid to Överumans Fisk ABwithin 14 days as of adopting the resolution. The resolution in the Swedish language was forwarded to the representatives of Överumans Fisk ABin the afternoon of 19 June 2014, therefore, AS Premia Foods will be able to disclose more detailed information about the grounds for the decision immediately after the completion of the formal translation. According to Katre KÕvask, the Chairman of the Management Board of AS Premia Foods, it was an extraordinary case for Swedenand for the whole fish farming industry in Sweden. “In May of 2012, when the Swedish Board of Agriculture adopted its resolution, the probability of filing a claim and seeking for compensation was very small, as there has never been a similar case in Sweden. The fact that today there is a resolution for allocating 1.2 million euroas compensation is the result of a complex and time-consuming process and we have also created a precedent in the Swedish fish farming industry. Ensuring the unrestricted operation of the fish farms of Överumans Fisk, which has now been achieved, was equally important to Premiaas was receiving the compensation,” she added. Additional information: Katre KÕvask AS Premia Foods Chairman of Management Board T: +372 6 033 800 firstname.lastname@example.org www.premiafoods.eu Copyright © 2014 OMX AB (publ).