Mowi ASA

Report Publication Announcement • Jan 16, 2018

Marine Harvest ASA (OSE:MHG): Q4 2017 Trading update

Marine Harvest ASA (OSE:MHG): Q4 2017 Trading update

Harvest volumes Q4 2017 (1)

Farming Norway 66.5 thousand tonnes

Farming Scotland 13.0 thousand tonnes

Farming Canada 10.0 thousand tonnes

Farming Chile 17.0 thousand tonnes

Farming Ireland 2.5 thousand tonnes

Farming Faroes 4.0 thousand tonnes

Total 113.0 thousand tonnes

In connection with the presentation of the Q3 2017 results, Marine Harvest

guided a total harvest volume of 111 thousand tonnes (GWE) for Q4 2017.

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 177 million in Q4 2017 (EUR

259 million in Q4 2016).

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

follows:

Norway EUR   1.75

Scotland EUR   1.20

Canada EUR   1.00

Chile EUR   1.00

Ireland EUR   2.75

Faroes EUR   3.00

Reported net interest bearing debt (NIBD) was approximately EUR 835 million at

the end of the quarter.

The complete Q4 2017 report will be released on 14 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.