mANAgEmENT’S RESPONSIbIlITy To the Shareholders of High Liner Foods Incorporated The Management of High Liner Foods Incorporated includes corporate executives, operating and financial managers and other  personnel working full-time on Company business. The statements have been prepared in accordance with generally accepted  accounting principles consistently applied, using Management’s best estimates and judgments, where appropriate. The financial  information elsewhere in this report is consistent with the statements. Management has established a system of internal control that it believes provides a reasonable assurance that, in all material  respects, assets are maintained and accounted for in accordance with Management’s authorization and transactions are recorded  accurately on the Company’s books and records. The Company’s internal audit program is designed for constant evaluation of the  adequacy and effectiveness of the internal controls. Audits measure adherence to established policies and procedures. Executive Vice President, Chief Financial Officer and Secretary The Audit Committee of the Board of Directors is composed of six outside directors. The Committee meets periodically with  management, the internal auditor and independent chartered accountants to review the work of each and to satisfy itself that the  respective parties are properly discharging their responsibilities. The independent chartered accountants and the internal auditor  have full and free access to the Audit Committee at any time. In addition, the Audit Committee reports its findings to the Board of  Directors, which reviews and approves the consolidated financial statements. K.L. Nelson, FCA 50 HIGH lIneR FooDS InCoRpoRAteD