SalMar ASA

SalMar cancels proposed dividend for 2019

The Board of Directors of SalMar ASA has today decided that in the critical

situation society is in, that the announced dividend of NOK 2.37 billion for

2019 will not be paid as previously announced. The decision was made after

thorough assessments by the board and administration on the basis of the

uncertainty that now prevails regarding the spread of coronavirus disease

(Covid-19) and the consequences it may have for the entire value chain and a

number of local communities along the coast.

The Board of Directors of SalMar is committed to taking the necessary steps to

secure the company going forward, both operationally, strategically and

financially. Food production is a vital activity for the society and must be

protected in every way. The Board of Directors and the company now give the

highest priority to the work to take the necessary measures in a situation of

great uncertainty.

It is also important for the Board to ensure that SalMar is able to take

strategic opportunities that will come in the future, including offshore fish

farming. This to position the company for continued growth and to ensure

continued solid returns to shareholders over time.

In the current situation, the Board of Directors believes that, not to pay

dividends, is a proper measure to safeguard the interests of both society and

shareholders.

SalMar has a strong balance sheet and a low debt ratio. The Board's new dividend

proposal is therefore exclusively linked to the national and global situation

that has arisen and does not entail any change in the general dividend policy,

with predictable payment of surplus liquidity as the foundation.

SalMar is now working to ensure the best possible channels to get our amazing

sustainable product out to customers all over the world.

For further information, please contact:

Atle Eide, Chair of the Board in SalMar ASA

Telephone: +47 911 52 977

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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