Mowi ASA

Share Issue/Capital Change • Jun 17, 2015

Marine Harvest (OSE:MHG, NYSE:MHG): Share option scheme for senior executives and allocation of options 2015.

Marine Harvest (OSE:MHG, NYSE:MHG): Share option scheme for senior executives and allocation of options 2015.

At the Company's annual general meeting on 8 June 2015 (AGM) the Board of

Directors was authorised to grant options under the Share Option Scheme for

Senior Executives (scheme). On 16 June 2015 the Board of Directors granted

1,450,000 options with a strike price corresponding to 107.5% of the volume

weighted average share price on the Oslo Stock Exchange (OSE) at the date of the

AGM, being NOK 100.4191, to a total of 16 individuals.

The options have a term of 4 years but will become exercisable immediately if a

mandatory bid is made for all of the shares in Marine Harvest, if a voluntary

offer is followed up with a forced transfer of shares in accordance with the

Norwegian Securities Trading Act or if Marine Harvest is the non-surviving

entity in a merger with another company.

The number of shares and the strike price will be adjusted for dividends and

changes in the equity capital during the term of the option according to the

Oslo Stock Exchange's derivative rules and provisions in the option agreements.

Total profit through the exercise of the option in a year is kept at two years'

salary for the option holder. If the profit exceeds this limit, the number of

shares to be issued will be reduced accordingly.

The following primary insiders in the company have been allocated options

according to the above and have, following this and adjustments for dividends

paid, the following number of shares and options in the company:

Total number of Options granted Total options

shares owned in 2015 allotted

Alf-Helge Aarskog (CEO) 138 434 500 000 2 202 857

Ivan Vindheim (CFO) 524 100 000 440 571

Marit Solberg (COO Farming) 47 677 100 000 440 571

Ola Brattvoll (COO Sales & 9 095 100 000 440 571

Marketing)

Ben Hadfield (COO Fish Feed) 6 734 100 000 255 781

This information is subject to the disclosure requirements pursuant to section

4-2 and 5-12 of the Norwegian Securities Trading Act.

[HUG#1928981]