Mowi ASA

Transaction in Own Shares • Nov 28, 2017

Marine Harvest (OSE:MHG): Share purchase programme for employees in Marine Harvest

Marine Harvest (OSE:MHG): Share purchase programme for employees in Marine Harvest

The Board of Directors of Marine Harvest ASA (the "Company") has resolved to

offer all permanent employees in the Company and its Norwegian, Scottish and

Canadian subsidiaries the opportunity to purchase shares in the Company at a

discounted price.

The offer to the employees is based on the average purchasing price for the

Company's shares on 27 November 2017 of NOK 145.9785 per share.

The Norwegian Tax Act §5-14 provides Norwegian employees with a right to

purchase shares with a discount of up to NOK 3,000 in such offer. Based on the

above, eligible employees in Norway have been given three alternative offers.

Alternative 1: Purchase 52 shares at a value of approximately NOK 7,500, with a

tax-free discount of NOK 1,500 and a purchase price around NOK 6,000.

Alternative 2: Purchase 103 shares at a value of approximately NOK 15,000, with

a tax-free discount of NOK 3,000 and a purchase price around NOK 12,000.

Alternative 3: Purchase 206 shares at a value of approximately NOK 30,000, with

a tax-free discount of NOK 3,000, a taxable discount of NOK 3,000 and a purchase

price around NOK 24,000.

Eligible employees in Scotland and Canada were given the same offers, however,

without any element of tax-free discount.

At the end of the acceptance period, the Company had received acceptances of

these offers from 760 employees for a total of 132,427 shares. To comply with

its obligation in relation to the acceptances received, the Company has, on 27

November 2017, purchased 132,427 shares in the market at an average price of NOK

145.9785. In total 132,427 shares will be sold to the employees having accepted

to participate in the share program on the terms referred to above.

In addition to the above mentioned transaction, Glenn Flanders, Chief Strategy

Officer, has purchased 206 American Depositary Receipts ("ADR") at NYSE at an

average price of USD 18.0879 per share. He has purchased such ADR's on the same

terms and conditions offered to eligible Marine Harvest employees in Scotland

and Canada.

The following primary insiders in the company have been allocated shares

according to the above and have, following this and adjustments for dividends

paid, the following number of shares and options in the company:

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Shares acquired Total number of Total options

Name on 27 November shares owned allotted

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Alf-Helge Aarskog 206 38 876 2 063 774

(CEO)

Ivan Vindheim 206 966 461 311

(CFO)

Marit Solberg

(COO Farming Canada, Scotland, 206 13 119 461 311

Ireland and Faroe Islands)

Per-Roar Gjerde 206 629 281 128

(COO Farming Norway and Chile)

Ola Brattvoll 206 9 537 461 311

(COO Sales & Marketing)

Ben Hadfield 206 7 176 461 311

(COO Fish Feed)

Øyvind Oaland 206 4 694 0

(Global Director R&D)

Glenn Flanders 206 306 0

(Chief Strategy Officer)

Anne Lorgen Riise 206 664 0

(Global Director HR)

Kristine Gramstad Wedler 206 442 0

(Communications Director)

Kim Galtung Døsvig

(Investor Relations & Head of 206 442 0

Treasury)

Kristian Ellingsen 206 306 0

(Group Accounting Director)

Lars Eirik Hestnes

(Board member, employee 206 442 0

representative)

Stein Mathiesen

(Board member, employee 206 206 0

representative)

Unni Sværen

(Board member, employee 206 453 0

representative)

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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.