Mowi ASA

Remuneration Information • Dec 9, 2016

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

Marine Harvest (OSE:MHG, NYSE: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 8 December 2016 of NOK 150.5040 per share.

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

purchase shares with a discount of up to NOK 1,500 in such offer. Based on the

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

Alternative 1 is the purchase of 50 shares at a value of approximately NOK

7,500 with a tax-free discount of NOK 1,500 at a purchase price around NOK

6,000. Alternative 2 is the purchase of 100 shares at a value of approximately

NOK 15,000 with a tax-free discount of NOK 1,500 and a taxable discount of NOK

1,500, at a purchase price around NOK 12,000.

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 590 employees for a total of 55,900 shares. In order to comply

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

8 December 2016, purchased 55,900 shares in the market at an average price of

NOK 150.5040. In total 55,900 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 100 American Depositary Receipts ("ADR") at NYSE at an

average price of USD 17.9231 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 8 December shares owned allotted

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Alf-Helge Aarskog 100 38 670 2 260 865

(CEO)

Ivan Vindheim 100 760 458 422

(CFO)

Marit Solberg 100 12 913 458 422

(COO Farming)

Ola Brattvoll 100 9 331 458 422

(COO Sales & Marketing)

Ben Hadfield 100 6 970 380 540

(COO Fish Feed)

Øyvind Oaland 100 4 488 51 921

(Global Director R&D)

Glenn Flanders 100 100 0

(Chief Strategy Officer)

Anne Lorgen Riise 100 458 51 921

(Global Director HR)

Kristine Gramstad Wedler 100 236 0

(Communications Director)

Ola Helge Hjetland 100 252 0

(Chief Communications Officer)

Kim Galtung Døsvig 100 236 0

(Investor Relations & Head of

Treasury)

Kristian Ellingsen 100 100 0

(Group Accounting Director)

Lars Eirik Hestnes 100 236 0

(Board member, employee

representative)

Unni Sværen 100 247 0

(Board member, employee

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.