SalMar ASA

SalMar strengthens ocean-based fish farming and changes CEO

Gustav Witzøe will take over as CEO of SalMar effective 21 October 2019. From

this date the current CEO, Olav Andreas Ervik, will become managing director of

the new subsidiary SalMar Ocean AS and responsible for the company's ventures in

ocean-based fish farming.

SalMar's initiatives in ocean-based fish farming has to date been organised as a

business area within SalMar and headed by Gustav Witzøe. These activities will

now be transferred to a subsidiary which Ervik wanted to lead.

Both Witzøe and Ervik emphasise that this change will ensure continuity in

management and that it is a logical consequence of SalMar's ambition to lead in

the development of ocean-based fish farming.

The Board of Directors considers this a good foundation for the continued

positive development of SalMar, both within ocean-based and conventional fish

farming.

For further information, please contact:

Atle Eide, Chair of the Board in SalMar ASA

Telephone: +47 911 52 977

Gustav Witzøe, CEO in SalMar ASA

Telephone: +47 911 47 834

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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