Alfesca has today completed the acquisition of D&F S.r.l (D&F) from its founder managers. D&F is a leading supplier and distributor to Italy's retail grocery and food service markets and currently operates as one of Alfesca's key distributors in Italy. Alfesca has over the past few years developed strongly its sales of seafood and duck products and gained an important foothold in the growing Italian market for convenient, healthy and festive food. The acquisition will strengthen Alfesca's position and help accelerate its development by giving it greater access to the Italian market. D&F has 12 employees with annual sales of €8.8 million. The acquisition is financed by Alfesca's internal resources and will not have a material effect on the Group's financial results. The purchase price is confidential. D&F will continue to be run by its existing management team and will be consolidated into Alfesca's Group from the acquisition date. Xavier Govare, CEO of Alfesca commented: “Combining the distribution and commercial capabilities of D&F with the marketing and production skills of Alfesca will enable us to further develop our business in the high growth Italian market. D&F's strong position combined with Alfesca's category leading skills will form a solid foundation from which Alfesca will be able to offer its Italian customers a complete range of seafood products under Alfesca´s brands of Labeyrie, Farne and Delpierre. The acquisition of D&F fulfils all our acquisition criteria. It enhances our branded mix; it gives us full access to a new and growing geographic market and meets our financial requirements. We warmly welcome the D&F team to the Alfesca Group and look forward to developing our new business in Italy.” For further information, please contact: Antony Hovanessia Business Development Director +33 (0) 5 58 56 74 74 ah@alfesca.com Hrefna Ingolfsdottir Head of Corporate Communications +354 477 7000 hi@alfesca.com About Alfesca Alfesca is a leading European producer in its selected categories of smoked salmon and other fish; foie gras and duck products; prawns and shellfish and blinis and spreadables. The Company's products are sold under its own brand names, including Labeyrie, Blini, Delpierre, Skandia, Lyons and Farne. The Company also has a substantial presence in the private label markets in the UK, France and Spain. Annual turnover is €616 million and 3,500 employees work for the Group. Alfesca is listed on OMX Nordic Exchange in Iceland (OMXI: A). Further information about Alfesca can be found on: www.alfesca.com