SalMar ASA

SalMar - Preliminary results of SalMar ASA's cash offer to acquire the remaining shares in Arnarlax AS

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR

ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Reference is made to the stock exchange notice dated 13 March 2019 in relation

to SalMar ASA's cash offer for all the remaining shares in Arnarlax AS (the

"Offer").

The acceptance period for the Offer expired at 18:00 CET today, 10 April 2019.

As per expiry of the acceptance period for the Offer, a preliminary count shows

that SalMar ASA has received acceptances for 2,343,511 shares in Arnarlax AS in

the Offer, representing approximately 8.8 % of the shares in Arnarlax AS. Taking

into account the 14,432,281 shares already held by SalMar ASA in Arnarlax AS

prior to launch of the Offer, SalMar ASA will upon settlement of the Offer hold

a total of 16,775,792 shares in Arnarlax AS, representing approximately 63.03%

of the shares in Arnarlax AS.

Settlement of the Offer will take place as soon as reasonably possible and no

later than 14 days after the date of this announcement.

DNB Markets is acting as financial advisor and receiving agent in connection

with the Offer.

For further information, please contact:

DNB Markets

Telephone: 23 26 81 01

Important Notice:

The Offer and the distribution of this announcement and other information in

connection with the Offer may be restricted by law in certain jurisdictions.

SalMar ASA assumes no responsibility in the event there is a violation by any

person of such restrictions. Persons into whose possession this announcement or

such other information should come are required to inform themselves about and

to observe any such restrictions.

THE OFFER WILL NOT BE MADE IN ANY JURISDICTION IN WHICH MAKING OF THE OFFER

WOULD NOT BE IN COMPLIANCE WITH THE LAWS OF SUCH JURISDICITON. THIS ANNOUNCEMENT

DOES NOT IN ITSELF CONSTITUTE AND OFFER. THE OFFER WILL ONLY BE MADE ON THE

BASIS OF THE OFFER DOCUMENT AND CAN ONLY BE ACCEPTED PURSUANT TO THE TERMS OF

SUCH DOCUMENT

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