Mowi ASA

Transaction in Own Shares • Jun 22, 2020

Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares

Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares

Number of options exercised

The Board of Directors of Mowi awarded 0.9 million options under its senior

executive share option scheme with effect from 2016 to the current participants

in the option scheme. The option scheme forms an important part of Mowi's long-

term remuneration policy for such senior executives. The number of options shall

be adjusted for dividend payments and reduced if the profit through exercise of

options in a year exceeds two times the fixed annual salary of the option

holder. Accordingly, the number of options has been adjusted to 1.0 million

options to comply with these provisions.

On 22 June 2020, participants in Mowi's senior executive share option scheme

exercised 1,022,084 options in Mowi, corresponding to 1,022,084 shares at a

strike price of NOK 119.84 per share.

On the same date Mowi purchased 1,022,084 own shares at a price of NOK 179.17

per share to settle its obligation to deliver the shares. The shares were

purchased in accordance with the authorisation granted at the annual general

meeting on 3 June 2020. Following these transactions Mowi still holds zero

treasury shares.

Options exercised by primary insiders

Ivan Vindheim exercised 118,648 options in Mowi, corresponding to

118,648 shares at a strike price of NOK 119.84 per share.

Ben Hadfield exercised 101,112 options in Mowi, corresponding to

101,112 shares at a strike price of NOK 119.84 per share.

Per-Roar Gjerde exercised 61,887 options in Mowi, corresponding to

61,887 shares at a strike price of NOK 119.84 per share.

Ola Brattvoll exercised 86,985 options in Mowi, corresponding to

86,985 shares at a strike price of NOK 119.84 per share.

Transfer of rights

On 22 June 2020 the primary insiders listed above transferred their rights to

receive shares resulting from the exercise of their options to a third party

against a consideration to be determined on the basis of the price subsequently

obtained by the third party when selling the shares. The price subsequently

obtained was NOK 179.17 per share.

New holding

After exercising the options the primary insiders listed above hold the

following number of shares and unexercised options in Mowi:

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Name Title Shares Total unexercised

options

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Ivan Vindheim CEO 7 248 334 908

Ben Hadfield COO Farming Scotland and Ireland 7 458 334 908

Per-Roar Gjerde COO Farming Americas and Faroes 911 334 908

Ola Brattvoll COO Sales and Marketing 9 819 334 908

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This information is subject to the disclosure requirements pursuant to section

4-2 and 5-12 of the Norwegian Securities Trading Act.