Mowi ASA

Transaction in Own Shares • Dec 15, 2015

Marine Harvest (OSE:MHG, NYSE:MHG): Share purchase programme for employees in Marine Harvest/Purchase and sale of own shares

Marine Harvest (OSE:MHG, NYSE:MHG): Share purchase programme for employees in Marine Harvest/Purchase and sale of own shares

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 volume weighted price for the

Company's shares on 14 December 2015 of NOK 110.9767 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 68 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 136 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 421 employees for a total of 52,904 shares. In order to comply

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

14 December 2015, purchased 11,934 shares in the market at an average price of

NOK 112.1250. The outstanding number of shares required to fulfil the above

obligation will be satisfied by selling 40,970 own shares held in Treasury. In

total 52,904 shares will be sold to the employees having accepted to participate

in the share program on the terms referred to above.

Subsequent to these transactions, the Company holds zero own shares.

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 14 December shares owned allotted

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Alf-Helge Aarskog 136 138 570 2 268 030

(CEO)

Ivan Vindheim 136 660 453 606

(CFO)

Marit Solberg 136 47 813 453 606

(COO Farming)

Ola Brattvoll 136 9 231 453 606

(COO Sales & Marketing)

Ben Hadfield 136 6 870 258 993

(COO Fish Feed)

Øyvind Oaland 136 19 388 48 653

(Global Director R&D)

Anne Lorgen Riise 136 358 48 653

(Global Director HR)

Kristine Gramstad 136 136 0

(Communications Director)

Kim Galtung Døsvig

(Investor Relations & Head of 136 136 0

Treasury)

Lars Eirik Hestnes

(Board member, employee 136 136 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.

[HUG#1973468]