SalMar ASA

Remuneration Information • Dec 18, 2020

SalMar - 2020 share-based incentive scheme for senior executives and key personnel

SalMar - 2020 share-based incentive scheme for senior executives and key personnel

In accordance with the authorization granted by the AGM on 3 June 2020, the

board of directors of SalMar ASA has decided to establish a share-based

incentive scheme (Restricted Share Unit Plan) for senior executives and key

personnel employed by the company and its subsidiaries. The scheme encompasses

up to 250 000 shares and has a duration of three years. The company's liability

with respect to the scheme will be met through existing holdings of treasury

shares. As of 17 December 2020, SalMar ASA holds 232 071 treasury shares.

The purpose of the share-based incentive scheme (RSUP) is to encourage employees

to maintain a deep, long-term engagement in the company, through a further

alignment of the employees' interests with those of other shareholders. Under

the RSUP, participating individuals will be awarded shares to motivate them to

contribute to the continued success and profitability of the company, as well as

deliver outstanding results. The RSUP will also enhance SalMar's ability to

attract and retain staff.

Under the RSUP, participants will receive, free of charge, Restricted Share

Units (RSUs), which, if certain predefined performance criteria are met within

an accrual period, will be released and transferred to them as shares. The RSUP

comprises three accrual periods of one, two and three calendar years

respectively, with 2020 being the first year. Each accrual period encompasses

1/3 of the total number of RSUs included in the scheme. One RSU gives a

contingent entitlement to one share.

The following criteria determine the award of RSUs during each of the three

accrual periods:

- Award of 1/3 of the RSUs is independent of any performance criteria

- Award of 1/3 of the RSUs depends on SalMar achieving a certain EBIT/kg more

than other aquaculture companies listed on the Oslo Stock Exchange during the

accrual period

- Award of 1/3 of the RSUs depends on SalMar's shares achieving a higher total

shareholder return (TSR) than a defined group of comparable companies during the

accrual period.

Accrual of RSUs under the scheme presumes that the individual is an employee of

SalMar or a participating subsidiary. The total gain from released RSUs during

one calendar year shall not exceed 100 per cent of the participant's basic

salary. Under the scheme's rules, the number of RSUs will be adjusted in the

event of a dividend payout in order to preserve, but not increase, the value of

the RSU allocation.

The RSUP goes into effect on 17 December 2020 and encompasses senior executives

and key personnel at SalMar and its subsidiaries. Restricted share units granted

primary insiders 17 December 2020:

Frode Arntsen has received 2 259 RSUs in the Company

Roger Bekken has received 2 314 RSUs in the Company

Tonette Bjørgård has received 1 355 RSUs in the Company

Eva Haugen has received 1 356 RSUs in the Company

Håkon Husby has received 936 RSUs in the Company

Runar Sivertsen has received 936 RSUs in the Company

Ulrik Steinvik has received 1 988 RSUs in the Company

Trine Sæther Romuld has received 3 025 RSUs in the Company

Arthur Wisniewski has received 1 212 RSUs in the Company

Ståle Eide (related party of primary insider) has received 1 081 RSUs in the

Company

New holdings:

After completion of the abovementioned grant Frode Arntsen holds 4 668 RSUs in

the Company. As of today the primary insider holds 3 380 shares in the Company.

After completion of the abovementioned grant Roger Bekken holds 4 778 RSUs in

the Company. As of today the primary insider holds 14 245 shares in the Company.

After completion of the abovementioned grant Tonette Bjørgård holds 2 799 RSUs

in the Company. As of today the primary insider holds 6 227 shares in the

Company.

After completion of the abovementioned grant Eva Haugen holds 2 801 RSUs in the

Company. As of today the primary insider holds 5 852 shares in the Company.

After completion of the abovementioned grant Håkon Husby holds 1 576 RSUs in the

Company. As of today the primary insider holds 111 shares in the Company.

After completion of the abovementioned grant Runar Sivertsen holds 1 935 RSUs in

the Company. As of today the primary insider holds 2 621 shares in the Company.

After completion of the abovementioned grant Ulrik Steinvik holds 4 107 RSUs in

the Company. As of today the primary insider holds 137 184 shares in the

Company, owned directly and indirectly through related parties.

After completion of the abovementioned grant Trine Sæther Romuld holds 5 086

RSUs in the Company. As of today the primary insider holds 4 219 shares in the

Company.

After completion of the abovementioned grant Arthur Wisniewski holds 2 504 RSUs

in the Company. As of today the primary insider holds 770 shares in the Company.

After completion of the abovementioned grant Ståle Eide holds 2 233 RSUs in the

Company. Ståle Eide (related party of primary insider) holds 0 shares in the

Company.

For more information, please contact:

CFO Trine Sæther Romuld,

Tel: + 47 991 63 632

Email: trine.romuld@salmar.no (mailto:trine.romuld@salmar.no)

Website: www.salmar.no (http://www.salmar.no)

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.