High Liner Foods 2011 annual report now available

LUNENBURG, NS, March 26, 2012 /CNW/ - High Liner Foods Incorporated (TSX: HLF; HLF.A) today announced that its 2011 annual report has been filed with SEDAR (www.sedar.com) and is available on the Company's website www.highlinerfoods.com.  The Company also filed its Business Acquisition Report on March 16, 2012.

High Liner has re-filed with SEDAR its 2011 audited financial statements for the fifty-two weeks ended December 31, 2011, originally filed on March 16, 2012, to correct a typographical error. The table Long-term Debt and Finance Lease Obligations within Note 13 on page 37 is corrected to read "Term loan at 1.50% LIBOR floor plus 5.5%," instead of "Term Loan at 1.5% plus LIBOR (floor at 1.5%)."  There are no additional disclosures in the re-filed statements.

About High Liner Foods Incorporated

High Liner Foods is the leading North American processor and marketer of prepared, value-added frozen seafood. High Liner's retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Royal Sea labels, and are available in most grocery and club stores. The Company also sells its food products under the High Liner, Icelandic Seafood, FPI, and Viking brands to restaurants and institutions, and is a major supplier of private label seafood products to North American food retailers and food service distributors. High Liner Foods is a publicly traded Canadian company, trading under the symbols HLF and HLF.A on the Toronto Stock Exchange.

For further information about the Company, please visit our website at www.highlinerfoods.com or send an e-mail to [email protected].

Kelly Nelson
Executive Vice President,
Chief Financial Officer and Secretary
High Liner Foods Incorporated
Tel:  [phone]
[email protected]

Salvador Diaz
Investor Relations
TMX Equicom
Tel:  [phone] ext.242
[email protected]