Hecho relevante- 25-02-10- Ingles

Disclaimer: This Notice of Relevant Event is a free translation of the original Spanish Notice of
Relevant Event (Comunicación de Hecho Relevante) sent to the Spanish National Securities Market
Commission (Comisión Nacional del Mercado de Valores) on 25 February 2010. In the event of any
discrepancy between this translation and the original Spanish Notice of Relevant Event
(Comunicación de Hecho Relevante), the original Spanish Notice of Relevant Event (Comunicación
de Hecho Relevante) shall prevail.
Chapela, 25 February 2010
NOTICE OF RELEVANT EVENT
Dear Sirs,
PESCANOVA, S.A. (“Pescanova” or the “Company”), pursuant Article 82 of the Securities
Market Law, hereby notifies the following:
RELEVANT EVENT
At the General Meeting of Shareholders, held on first call today, all the resolution proposals of the
Board of Directors, as shown in the Agenda for the meeting, which had been sent to the Spanish
National Securities Market Commission (Comisión Nacional del Mercado de Valores) on 25
January 2010, were adopted.
And particularly:
(a) It was resolved to issue notes, exchangeable for and/or convertible into shares of
Pescanova, S.A. for a total amount of 110,000,000 euros, with a face value of 50,000
euros each, and a 5 year maturity at an annual fixed interest rate of 6.75% with
exclusion of the pre-emptive subscription right for shareholders. Likewise, it was
resolved to incorporate a syndicate of noteholders, for which its regulations were
passed; BNP Paribas Securities Services, through its branch in Spain was appointed as
interim commissioner. In addition, in order to meet applications for conversion of the
notes, exchangeable for and/or convertible into shares, it was also resolved to increase
the share capital in one or several times, in the amount necessary to meet the
abovementioned applications, amount initially set as 23,554,602 euros; it was also
resolved to delegate authority for the execution of the above resolutions.
(b) It was resolved to ratify the appointment of ICS Holding Limited as Director that was
nominated by co-option.
Yours sincerely,
Signed: Alfredo López Uroz
Accounts Department
PESCANOVA, S.A.
Rúa José Fernández López, s/n
36230 Chapela (REDONDELA) Pontevedra – España
Teléfono +34 986 81 81 00
Fax +34 986 45 33 10