SalMar ASA

M&A Activity • Mar 13, 2019

SalMar ASA commences cash offer to acquire the remaining shares in Arnarlax AS

SalMar ASA commences cash offer to acquire the remaining shares in Arnarlax AS

SalMar ASA commences 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 notices dated 14 February 2019 and 19

February 2019 in relation to SalMar ASA's acquisition of shares in Arnarlax AS.

As a consequence of said acquisition, SalMar ASA triggered a mandatory offer

clause in the shareholder's agreement for Arnarlax AS, and will as a result put

forward a cash offer for all the remaining shares in Arnarlax AS (the "Offer").

The offer period under SalMar ASA's offer to acquire the remaining shares in

Arnarlax AS will commence on 13 March 2019 and will end at 18:00 CET on 10 April

2019 (subject to extension). The offer price is NOK 55.783 per share and the

Offer is unconditional.

The offer document, containing the complete terms and conditions of the Offer

has today been distributed to registered shareholders of Arnarlax AS, subject to

restrictions under applicable securities laws.

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

E-mail: markets.ibd@dnb.no

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

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.