SalMar ASA

Remuneration Information • Jan 15, 2018

SalMar - 2017 share-based incentive scheme for senior executives and key personnel

SalMar - 2017 share-based incentive scheme for senior executives and key personnel

In accordance with the authorisation granted by the AGM on 6 June 2017, the

board of directors of SalMar ASA has decided to establish a share-based

incentive scheme (Restricted Share Unit Plan) for senior executives and key

personnel employed by the company and its subsidiaries. The scheme encompasses

up to 240 863 shares and has a duration of three years. The company's liability

with respect to the scheme will be met through existing holdings of treasury

shares. As of 15 January 2018, SalMar ASA holds 754 922 treasury shares.

The purpose of the share-based incentive scheme (RSUP) is to encourage employees

to maintain a deep, long-term engagement in the company, through a further

alignment of the employees' interests with those of other shareholders. Under

the RSUP, participating individuals will be awarded shares to motivate them to

contribute to the continued success and profitability of the company, as well as

deliver outstanding results. The RSUP will also enhance SalMar's ability to

attract and retain staff.

Under the RSUP, participants will receive, free of charge, Restricted Share

Units (RSUs), which, if certain predefined performance criteria are met within

an accrual period, will be released and transferred to them as shares. The RSUP

comprises three accrual periods of one, two and three calendar years

respectively, with 2017 being the first year. Each accrual period encompasses

1/3 of the total number of RSUs included in the scheme. One RSU gives a

contingent entitlement to one share.

The following criteria determine the award of RSUs during each of the three

accrual periods:

- Award of 1/3 of the RSUs is independent of any performance criteria

- Award of 1/3 of the RSUs depends on SalMar achieving a certain EBIT/kg more

than other aquaculture companies listed on the Oslo Stock Exchange during the

accrual period

- Award of 1/3 of the RSUs depends on SalMar's shares achieving a higher total

shareholder return (TSR) than a defined group of comparable companies during the

accrual period.

Accrual of RSUs under the scheme presumes that the individual is an employee of

SalMar or a participating subsidiary. The total gain from released RSUs during

one calendar year shall not exceed 100 per cent of the participant's basic

salary. Under the scheme's rules, the number of RSUs will be adjusted in the

event of a dividend payout in order to preserve, but not increase, the value of

the RSU allocation.

The RSUP goes into effect on 15 January 2018 and encompasses senior executives

and key personnel at SalMar and its subsidiaries.

Restricted share units granted primary insiders January 15 2018:

Trond Williksen has received 6 416 RSUs in the Company

Trond Tuvstein has received 4 672 RSUs in the Company

Ulrik Steinvik has received 3 782 RSUs in the Company

Tom Aleksandersen has received 4 756 RSUs in the Company

Frode Arntsen has received 3 956 RSUs in the Company

Olav Andreas Ervik has received 4 672  RSUs in the Company

Tonette Bjørgård has received 2 578 RSUs in the Company

Runar Sivertsen has received 1 461 RSUs in the Company

Geir Berg has received 1 494 RSUs in the Company

New holdings:

After completion of the abovementioned grant Trond Williksen holds 10 462 RSUs

in the Company. As of today the primary insider holds 3 714 shares in the

Company.

After completion of the abovementioned grant Trond Tuvstein* holds 9 792 RSUs in

the Company. As of today the primary insider holds 18 749 shares in the Company.

After completion of the abovementioned grant Ulrik Steinvik holds 8 210 RSUs in

the Company. As of today the primary insider holds 11 658 shares in the Company.

After completion of the abovementioned grant Tom Aleksandersen holds 10 396 RSUs

in the Company. As of today the primary insider holds 3 182 shares in the

Company.

After completion of the abovementioned grant Frode Arntsen holds 3 956 RSUs in

the Company. As of today the primary insider holds 0 shares in the Company.

After completion of the abovementioned grant Olav Andreas Ervik holds 9 726 RSUs

in the Company. As of today the primary insider holds 9 700 shares in the

Company.

After completion of the abovementioned grant Tonette Bjørgård holds 5 637 RSUs

in the Company. As of today the primary insider holds 4 095 shares in the

Company.

After completion of the abovementioned grant Runar Sivertsen holds 3 179 RSUs in

the Company. As of today the primary insider holds 0 shares in the Company.

After completion of the abovementioned grant Geir Berg holds 3 270 RSUs in the

Company. As of today the primary insider holds 0 shares in the Company.

*Shares are owned directly and indirectly through TTU Invenst AS.

For more information, please contact:

CFO Trond Tuvstein,

Tel: + 47 918 53 139

Email: trond.tuvstein@salmar.no

Website: www.salmar.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.