Omega Completes Share Repurchase

November 2006

“Omega Protein has relied on the counsel of TM Capital’s professionals for over a decade. In this transaction, we utilized TM’s structuring and negotiating skills, along with their strong financing relationships, to craft a transaction solution which is transformational for Omega. TM helped us respond to our majority shareholder in a remarkably short timeframe, and the terms upon which TM negotiated the repurchase and financing were, in my estimation, superb.”

- Joseph L. von Rosenberg III, CEO and President, Omega Protein Corporation

	Omega Protein Corporation (NYSE: OME) is a leading processor, marketer and distributor of fish meal and fish oil products in the U.S. with operations along the Gulf of Mexico and Atlantic coast
	The Board of Directors of OME retained TM Capital as its exclusive financial advisor in connection with the repurchase of certain shares of OME’s common stock from Zapata Corporation (NYSE: ZAP)
	TM Capital negotiated the share repurchase of 9,268,292 shares of OME’s common stock at a purchase price of $5.125 per share
	The aggregate purchase price for the shares was $47.5 million, which represents 36.5% of OME's outstanding common stock
	TM Capital also assisted in arranging the related financing and provided a fairness opinion and solvency opinion to the Special Committee of the Board of Directors of OME

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