Mowi ASA

Earnings Release • Jan 17, 2019

Mowi ASA (OSE:MOWI): Q4 2018 Trading update

Mowi ASA (OSE:MOWI): Q4 2018 Trading update

Harvest volumes Q4 2018 (1)

Farming Norway 59.0 thousand tonnes

Farming Scotland 12.0 thousand tonnes

Farming Canada 12.0 thousand tonnes

Farming Chile 17.0 thousand tonnes

Farming Ireland 1.5 thousand tonnes

Farming Faroes 4.5 thousand tonnes

Total 106.0 thousand tonnes

In connection with the presentation of the Q3 2018 results, Mowi ASA guided a

total harvest volume of 110.5 thousand tonnes (GWE) for Q4 2018.

Note:

(1) The harvest volumes are provided in gutted weight equivalents (GWE). The

figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately EUR 211 million in Q4 2018 (EUR

181 million in Q4 2017). Operational EBIT includes insurance income of

approximately EUR 10 million related to property damages in Mowi Kritsen.

Total operational EBIT per kg through the value chain was approximately as

follows:

Norway EUR   2.45

Scotland EUR   2.30

Canada EUR   1.45

Chile EUR   1.25

Ireland EUR   2.45

Faroes EUR   1.35

Reported net interest bearing debt (NIBD) was approximately EUR 1 040 million at

the end of the quarter.

The complete Q4 2018 report will be released on 13 February at 06:30 CET.

Please refer to the Annual Report for detailed descriptions and reconciliations

of non-IFRS measures such as operational EBIT and NIBD.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.