Mowi ASA

Marine Harvest (OSE:MHG, NYSE:MHG): Q3 2015 Trading update

Harvest volumes Q3 2015 ((1))

Farming Norway 59 thousand tonnes

Farming Scotland 17 thousand tonnes

Farming Canada 9 thousand tonnes

Farming Chile 18 thousand tonnes

Other 3 thousand tonnes

Total 106 thousand tonnes

In connection with the presentation of the Q2 2015 results, Marine Harvest

guided a total harvest volume of 103 thousand tonnes (GWE) for Q3 2015.

Note:

(1) The harvest volumes are provided in gutted weight equivalents (GWE). The

figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately NOK 710 million in Q3 2015 (NOK

912 million in Q3 2014).

Total operational EBIT per kg through the value chain were approximately as

follows for the main sources of origin:

* Norway NOK 10.1

* Scotland NOK 6.1

* Canada NOK 1.3

* Chile NOK -6.5

Reported net interest bearing debt (NIBD) was approximately NOK 8.7 billion at

the end of the quarter.

The complete Q3 2015 report will be released on 28 October at 07:00 CET.

This press release may be deemed to include forward-looking statements, such as

statements that relate to salmonid production volume. Actual events could

differ materially from those indicated by these statements because the

realization of those events is subject to many risks and uncertainties. Factors

that could affect actual events include risks associated with fluctuations in

salmon prices, risks associated with the supply and demand of salmon, including

global economy, salmon prices and consumer preferences and operational risks, in

particular those relating to our cost in Norway. All forward-looking statements

included in this news release are based on information available at the time of

the release, and Marine Harvest assumes no obligation to update any forward-

looking statement.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1958975]

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