Mowi ASA

Delisting Announcement • Feb 15, 2017

Marine Harvest ASA (OSE:MHG, NYSE:MHG): Intention to terminate New York Stock Exchange listing and deregister under the U.S. Securities Exchange Act of 1934

Marine Harvest ASA (OSE:MHG, NYSE:MHG): Intention to terminate New York Stock Exchange listing and deregister under the U.S. Securities Exchange Act of 1934

Marine Harvest ASA's Board of Directors resolved on 14 February 2017 to delist

the Marine Harvest's American Depositary Shares ("ADSs"), each representing one

ordinary share ("Share") of Marine Harvest, from the New York Stock Exchange

("NYSE") and to terminate the registration of the ADSs and Shares under the U.S.

Securities Exchange Act of 1934 ("Exchange Act"). In the future, the Shares will

continue to be listed on the Oslo Stock Exchange only.

Only about 3 percent of the worldwide trading volume in the Shares (in the form

of Shares or ADSs) in the past 12 months occurred in the United States while the

costs of maintaining a NYSE listing and a registration under the Exchange Act

are significant. The Board of Marine Harvest has therefore concluded that it is

in the best interest of the shareholders to discontinue the US listing and

terminate its reporting obligations in the US.

Marine Harvest Chief Financial Officer Ivan Vindheim said: "The delisting and

deregistration will enable us to simplify financial reporting processes, while

maintaining the same high-quality IFRS compliant financial reporting and

disclosures. Corporate governance will not be affected, as important governance

bodies such as the Board Audit Committee will remain, in addition to an adequate

level of internal controls. We will also maintain the same strong focus on

serving our US investor base as we have had in the past."

Following the delisting and deregistration, Marine Harvest will continue to be

subject to the rules of the Oslo Stock Exchange and other Norwegian and European

Union financial market regulations.

Marine Harvest intends to initiate the delisting process promptly after the date

of this stock exchange release. Subject to applicable laws and the NYSE rules,

Marine Harvest intends to complete the delisting and deregistration as promptly

as practicable thereafter.

Marine Harvest intends to maintain its ADR program as a Level 1 Sponsored

program and Citibank will remain as the Depositary. Accordingly, following

delisting, Marine Harvest's ADSs will be traded in the US over-the-counter.

Marine Harvest has not arranged for the listing of its ADSs or the Shares on

another national securities exchange in the US or for the quotation of its ADS's

or the Shares in a quotation system in the US.

For further information, please contact:

Ivan Vindheim, CFO, Mobile: +47 958 71 310

Kim Galtung Døsvig, IR Officer & Head of Treasury. Mobile: +47 908 76 339

This information is subject of the disclosure requirements pursuant to section

of 5-12 of the Norwegian Securities Trading Act.

Forward looking statements

This release includes forward-looking statements, such as statements that relate

to Marine Harvest's intention to delist its ADSs from the NYSE and to deregister

its ADSs and Shares under the Exchange Act, the timing of any such delisting and

deregistration, the plan to remain listed on the Oslo Stock Exchange, the effect

that delisting and deregistration would have on Marine Harvest's financial

reporting processes, the quality of financial reporting and disclosures in

Marine Harvest's future financial statements, the quality of Marine Harvest's

internal controls, the corporate governance that will be maintained by Marine

Harvest and the plan to maintain a Level 1 Sponsored ADS program. Forward-

looking statements may be identified by words or phrases, such as "enable",

"will", "intend", and similar expressions or future or conditional verbs.

Forward-looking statements are Marine Harvest's current estimates or

expectations of future events or future results. Actual results could differ

materially from those indicated by these statements because the realization of

those results is subject to many risks and uncertainties, including Marine

Harvest's ability to comply with applicable laws and regulations, including the

Exchange Act (and the rules and regulations promulgated thereunder) and the NYSE

rules, feasibility or desirability of maintaining a Level 1 Sponsored ADS

program and Marine Harvest's ability to prepare its financial statements in

compliance with the relevant financial reporting standards and maintain adequate

internal controls. Marine Harvest ASA's annual report on Form 20-F for fiscal

year 2015, including the section captioned "Risk Factors," contain additional

information about factors that could affect actual results. All forward-looking

statements included in this release are based on information available at the

time of the release, and Marine Harvest assumes no obligation to update any

forward-looking statement beyond its obligations under applicable law.