Mowi ASA

Share Issue/Capital Change • May 19, 2017

Marine Harvest ASA (OSE: MHG): EUR 375 million Convertible Bond Agreement 2014/2019 ISIN NO 001 0710395 - Conversion of bonds

Marine Harvest ASA (OSE: MHG): EUR 375 million Convertible Bond Agreement 2014/2019 ISIN NO 001 0710395 - Conversion of bonds

Reference is made to the stock exchange release issued on 11 May 2017, where

Marine Harvest announced that bondholders representing an aggregate principal

loan amount of EUR 353,900,000 under the EUR 375 million five year convertible

bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO

001 0710395) had elected to convert their bonds into shares.

The conversion has now been completed and Marine Harvest's share capital has

been increased by NOK 284,004,285 through the issuance of 37,867,238 new shares.

The share capital increase was registered in the Norwegian Register of Business

Enterprises on 19 May 2017 and following such registration Marine Harvest ASA

has a share capital of NOK 3,676,258,327.50 divided into 490,167,777 shares each

with a par value of NOK 7.50.

Following the conversion, the entire outstanding principal amount under the EUR

375 million five year convertible bond issued by Marine Harvest in 2014,

maturing on 6 May 2019 (ISIN NO 001 0710395) has been converted to equity.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.