Mr. Henri Harland reports

NEPTUNE COMMENCES RECONSTRUCTION OF SHERBROOKE PLANT

On May 27, 2013, Neptune Technologies & Bioressources Inc. started reconstruction of its production facilities in Sherbrooke, Que., Canada.

Neptune's plant was destroyed following an explosion on Nov. 8, 2012, although the adjacent expansion project that was under way at the time suffered limited damage. The corporation plans to reconstruct an operational plant by overhauling the expansion facility that was under construction. In addition to receiving the necessary permits to begin work, the corporation has engaged an engineering firm and architect and has also recently hired a new plant manager. Due to the ability to expedite things, reconstruction is starting earlier than originally anticipated in the corporation's May 22 fiscal-year 2013 results release. Upon completion, which is expected before the end of the current fiscal year, the facility is expected to have the capacity to produce more than 150,000 kilograms of Neptune krill oil per year.

"This marks a major milestone in our action plan to bring production capacity back on-line," commented Henri Harland, president and chief executive officer of Neptune. "We are taking the necessary steps to strengthen our foundation and we remain confident in our ability to emerge stronger from this unfortunate incident," added Mr. Harland.

We seek Safe Harbor.