Mowi ASA

Remuneration Information • Mar 22, 2016

Marine Harvest ASA (OSE: MHG, NYSE: MHG): Exercise of senior executive share options/purchase of own shares

Marine Harvest ASA (OSE: MHG, NYSE: MHG): Exercise of senior executive share options/purchase of own shares

Number of options exercised

The Board of Directors of Marine Harvest awarded 1.2 million options under its

senior executive share option scheme with effect from 2012 to the current

participants in the option scheme. The option scheme form an important part of

Marine Harvest's long term remuneration policy for such senior executives. The

number of options shall be reduced if the profit through exercise of options in

a year exceeds two times the fixed annual salary of the option holder.

Accordingly, the number of options has been reduced to 594,621 options to comply

with this provision.

On 21 March 2016, participants in Marine Harvest's senior executive share option

scheme exercised 594,621 options in Marine Harvest, corresponding to 594,621

shares at a strike price of NOK 28.37 per share.

On the same date Marine Harvest purchased 594,621 own shares at a price of NOK

129.30 per share to settle its obligation to deliver the shares. The shares were

purchased in accordance with the authorisation granted at the annual general

meeting on 8 June 2015. Following these transactions Marine Harvest still holds

zero treasury shares.

Options exercised by primary insiders

Alf-Helge Aarskog exercised 105,500 options in Marine Harvest, corresponding to

105,500 shares at a strike price of NOK 28.37 per share.

Ivan Vindheim exercised 63,823 options in Marine Harvest, corresponding to

63,823 shares at a strike price of NOK 28.37 per share.

Marit Solberg exercised 56,844 options in Marine Harvest, corresponding to

56,844 shares at a strike price of NOK 28.37 per share.

Ola Brattvoll exercised 46,817 options in Marine Harvest, corresponding to

46,817 shares at a strike price of NOK 28.37 per share.

Transfer of rights

On 21 March 2016 the primary insiders listed above transferred their rights to

receive shares resulting from the exercise of their options to a third party

against a consideration to be determined on the basis of the price subsequently

obtained by the third party when selling the shares. The price subsequently

obtained was NOK 129.30 per share.

New holding

After exercising the options the primary insiders listed above hold the

following number of shares and unexercised options in Marine Harvest:

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Name Title Shares   Option allotments

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2013 2014 2015

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Alf-Helge Aarskog CEO 138 570   615 006 545 152 518 373

Ivan Vindheim CFO 660   123 001 109 030 103 675

Marit Solberg COO Farming 47 813   123 001 109 030 103 675

Ola Brattvoll COO Sales & Marketing 9 231   123 001 109 030 103 675

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This information is subject to the disclosure requirements pursuant to section

4-2 of the Norwegian Securities Trading Act.

[HUG#1996580]