Mowi ASA

Remuneration Information • Jun 25, 2018

Marine Harvest ASA (OSE: MHG): Exercise of senior executive share options/purchase of own shares

Marine Harvest ASA (OSE: MHG): Exercise of senior executive share options/purchase of own shares

Number of options exercised

The Board of Directors of Marine Harvest awarded 1.3 million options under its

senior executive share option scheme with effect from 2014 to the current

participants in the option scheme. The option scheme form an important part of

Marine Harvest's long term remuneration policy for such senior executives. The

number of options shall be reduced if the profit through exercise of options in

a year exceeds two times the fixed annual salary of the option holder.

Accordingly, the number of options has been reduced to 717,815 options to comply

with this provision.

On 25 June 2018, participants in Marine Harvest's senior executive share option

scheme exercised 717,815 options in Marine Harvest, corresponding to 717,815

shares at a strike price of NOK 69.04 per share.

On the same date Marine Harvest purchased 717,815 own shares at a price of NOK

163.34 per share to settle its obligation to deliver the shares. The shares were

purchased in accordance with the authorisation granted at the annual general

meeting on 30 May 2018. Following these transactions Marine Harvest still holds

zero treasury shares.

Options exercised by primary insiders

Alf-Helge Aarskog exercised 122,317 options in Marine Harvest, corresponding to

122,317 shares at a strike price of NOK 69.04 per share.

Ivan Vindheim exercised 69,399 options in Marine Harvest, corresponding to

69,399 shares at a strike price of NOK 69.04 per share.

Marit Solberg exercised 59,376 options in Marine Harvest, corresponding to

59,376 shares at a strike price of NOK 69.04 per share.

Per-Roar Gjerde exercised 53,879 options in Marine Harvest, corresponding to

53,879 shares at a strike price of NOK 69.04 per share.

Ola Brattvoll exercised 50,957 options in Marine Harvest, corresponding to

50,957 shares at a strike price of NOK 69.04 per share.

Ben Hadfield exercised 53,712 options in Marine Harvest, corresponding to

53,712 shares at a strike price of NOK 69.04 per share.

Transfer of rights

On 25 June 2018 the primary insiders listed above transferred their rights to

receive shares resulting from the exercise of their options to a third party

against a consideration to be determined on the basis of the price subsequently

obtained by the third party when selling the shares. The price subsequently

obtained was NOK 163.34 per share.

New holding

After exercising the options the primary insiders listed above hold the

following number of shares and unexercised options in Marine Harvest:

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Name Title Shares   Total unexercised

options

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Alf-Helge Aarskog CEO 38 876   1 786 564

Ivan Vindheim CFO 966   447 475

Marit Solberg COO Farming 13 119   347 475

Per-Roar Gjerde COO Farming 629   325 879

Ola Brattvoll COO Sales & Marketing 9 537   447 475

Ben Hadfield COO Fish Feed 7 176   447 475

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This information is subject to the disclosure requirements pursuant to section

4-2 and 5-12 of the Norwegian Securities Trading Act.