Mr. Andre Godin reports

NEPTUNE ANNOUNCES CLOSING OF CAD$2.5 MILLION PRIVATE PLACEMENT

Neptune Technologies & Bioressources Inc. closed a private placement of $2,503,320 of common shares of Neptune at a price of $2.76 per share, resulting in a total of 907,000 shares being issued today.

The shares were all qualified under the Quebec Stock Savings Plan II (QSSP II), and were issued to the Fiera Capital QSSP II Investment Fund Inc. and Cote 100 Inc., which respectively acquired 725,000 and 182,000 shares. The shares could not be qualified under the QSSP II and subscribed for by the funds under Neptune's public offering completed on March 5, 2014, due to the particular requirements of the QSSP II. Except for the qualification of the shares issued to the funds under the QSSP II, the terms of the shares issued under the private placement are the same as those of the common shares of Neptune issued as part of the public offering.

The securities issued under the private placement are subject to a four-month hold period. A commission of 6 per cent of the gross proceeds of the private placement was paid to Euro Pacific Canada Inc. Neptune intends to allocate the proceeds from the private placement for general corporate and working capital purposes.

We seek Safe Harbor.