Tuesday, Oct.

6, 2009

Hi everyone,

Peter Kuttel gave a presentation to interested members of the community today, during a
Chamber of Commerce community gathering, describing the expansion of the Trident facility,
and all it encompasses. In a nutshell, the facility will bring more jobs, indirect revenue and
opportunity to Cordova.

Peter explained the components of the expansion:

• The facility can store an additional 400,000 lbs of frozen product per day.

• LFS was relocated to a more convenient location.

• Four new fillet lines were incorporated into the new building.

• A bunkhouse was built above the LFS facility, accommodating an additional 140 people.

• A bigger galley was built, which is used by both the North and South plants for meal
preparation and service. 2,500 meals a day are served.

• A facility was built to house an oil plant, which will be used to extract oil from fish waste.

• A new warehouse was built for storage of packaging materials etc.

• The dock was modified to accommodate more tender vessels.

• Added ice capacity for icing the fleet.

Peter listed some of the benefits to the community of Cordova, and explained that this
was the single largest investment that Trident has made in a community in Alaska.

• Trident will be opening its doors earlier and closing its doors later each season. Beginning
in March with the black cod season and ending in October after salmon and groundfish finish up.

• Trident will be employing more seasonal workers. Employed 550 people in 2009.

• Trident employees use 350 cell phones in Cordova. CTC made $500,000 from cell phone
and land line usage by Trident employees in 2009.

• 3 families will be relocated to Cordova to manage the oil plant.

• $3 million was spent on local vendors during the construction of the facilities.

• The land purchased by Trident benefited the City.

• Extra people in Cordova = more $ spent locally.

 What is the oil plant?
Peter explained that the health benefits of omega-3 oils are just beginning to be realized.
Fish oil is becoming increasingly more valuable and demand is growing exponentially.
Extracting fish oil from salmon waste opens the door to future market potential. This is a food
science not yet fully explored, and Trident hopes to pursue this food concept further. Trident
currently has available at retails stores capsulated omega-3 oils as a health supplement and sees
great potential in other omega-3 related product development. The oil extracted at the plant is a
“ready to eat” product.

What happens to the leftover fish waste after the oils are extracted?
Most processors that have the capacity to process fish waste, make fish-meal out of it. There
are currently fish-meal processors in Akutan, Newport and Kodiak. The process is extremely
smelly. Trident will not be processing fish waste into fish meal, and instead will be pursuing a
less offensive method of utilizing waste. Currently, Trident does not have a market for this
byproduct, but they are liquefying the fish waste, and shipping it out of Cordova in cardboard
boxes lined with plastic to be used as fertilizer. As an organic fertilizer, there is great potential
for this product.

What other new products is Trident working on?

Trident has over 30,000 value added product forms. Many are slight variations of one type
of product, i.e. a flavor modification etc. Trident are always looking at new ideas – product
development is customer driven and good suggestions are tested and if successful fully
developed. The star product that Trident will be working to develop is fish oil, and looking at
ways to move fish waste into a product suitable for human consumption, i.e. extracting salmon
bones to manufacture calcium supplements, etc. Trident’s goal is for “no waste to return to the
ocean” and they are actively pursuing a no-waste regime.

When asked about how Trident is planning on ensuring that fishermen are still in business,
and that there are plenty of fish to process, Peter responded that “at the end of the day, we still
need fish. As long as the fish keep coming, we’ll keep processing”. The process of paying
fishermen for their catch is driven by competition from other processors. Trident will continue to
remain competitive with other processors. Peter explained that “the key is to continue to come up
with innovative products to stay ahead of the competition. The fisherman’s price is based on this
competition”.

Peter explained that Trident is always looking for local talent, and would be interested in
speaking with anyone that has skills that could be put to good use, such as cannery experience,
electrical or maintenance skills etc.

In addition to the Trident expansion update, Miss Iceworm 2009 (Karina Phillips) explained
that she is working with the iceworm committee to develop a scholarship program for Miss
Iceworm queens that win this title in the future. Her goal is to generate enough funds annually to
provide scholarships to the Iceworm queen of $5,000, to greatly assist future winners in pursuing
their higher education dreams. Trident Seafoods pledged to match up to $1,000 in support of this
goal. Of course, we at CDFU are very lucky to have Trident’s support with our own scholarship
program, and have received over $45,000 towards the Fish Prom scholarship program over the
past 5 years.
 We appreciate Trident's continued and substantial generosity and are grateful for all that
they do to give back to our community.

Regards,

Rochelle

Rochelle van den Broek

Executive Director
Cordova District Fishermen United

Representing the commercial fishermen of Prince William Sound since 1935