Mowi ASA

Legal Proceedings Report • Oct 13, 2019

TEMPORARY SUSPENSION OF 10 LICENSES IN NEWFOUNDLAND, CANADA

TEMPORARY SUSPENSION OF 10 LICENSES IN NEWFOUNDLAND, CANADA

In the wake of recent mortalities of 2.6 million fish (approximately 5,000

tonnes of biomass) on the Coast of Bays, Newfoundland, Canada, Mowi Canada has

been informed by the Department of Fisheries and Land Resources of Newfoundland

and Labrador that 10 licenses out of Mowi Canada's 47 licenses in Newfoundland

have been temporarily suspended. Mortalities were caused by prolonged high

seawater temperatures that created low oxygen conditions. All licenses suspended

are related to sites experiencing these mortalities. The suspension will to our

knowledge not impact our remaining operations in Newfoundland.

The fish mortalities were insured. Net one-off costs to be recognized in Mowi

Canada in the third quarter amounts to approximately EUR 5 million. The impact

on Mowi's harvest volumes for 2019 is expected to be a reduction of

approximately 1,000 tonnes GWT.

Mowi Canada holds in total 59 licenses in Canada East, of which 47 in

Newfoundland and 12 in New Brunswick.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.