Mowi ASA

MHG - Marine Harvest announces results of voluntary incentive payment offer to convert the EUR350 million 2.375 per cent 2018 convertible bond

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT

IN THE UNITED STATES

Oslo, Norway, 20 March 2015 - Marine Harvest ASA ("Marine Harvest" or the

"Company") announces that holders of EUR348 million of principal amount of Marine

Harvest's convertible bonds due 2018 (the "Bonds") have accepted the voluntary

incentive payment offer that was made on 16 March 2015 and expired on 19 March

2015 (the "Offer"). This represents approximately 99.43% of the total

outstanding amount of Bonds.

Marine Harvest is pleased by the successful outcome of the Offer, which

positions the Company's balance sheet to support further organic growth and

strategic investments.

Settlement of the Offer will be made on 25 March 2015 in accordance with the

terms and conditions of the voluntary incentive payment offer document and

Marine Harvest will issue [·] new shares in connection with the conversion of

the Bonds. Marine Harvest will following such conversion have a share capital of

NOK 3,375,642,390 divided on 450,085,652 shares, each with a nominal value of

NOK 7.50.

ABG Sundal Collier and Credit Suisse managed the Offer.

Questions should be directed to:

Ivan Vindheim, CFO, Mobile: +47 958 71 310

The Offer has been made to eligible counterparties as and to non-United States

persons in reliance on Regulation S under the Securities Act of 1933, as amended

(the "Securities Act"). This disclosure shall not constitute an offer to sell or

the solicitation of an offer to buy the shares, nor shall there be any sale of

the shares in any jurisdiction in which such offer, solicitation or sale is

unlawful.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

Forward looking statements

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

statements related to the settlement of the Offer. Forward-looking statements

are typically identified by words or phrases, such as "expect", "will" and

similar expressions. Forward-looking statements are Marine Harvest's current

estimates or expectations of future events or future results. Actual results

could differ materially from those indicated by these statements because the

realization of those results is subject to many risks and uncertainties,

including market and financial risks. All forward-looking statements included in

this release are based on information available at the time of the release, and

Marine Harvest assumes no obligation to update any forward-looking statement.

[HUG#1905025]

AI Terminal