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Mowi ASA

M&A Activity Dec 24, 2014

3665_iss_2014-12-24_ab24b392-d47d-4e4e-9926-5c5ec042faf9.html

M&A Activity

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Marine Harvest (OSE:MHG, NYSE:MHG): COMPLETION OF ASSET PURCHASE TRANSACTION

Marine Harvest (OSE:MHG, NYSE:MHG): COMPLETION OF ASSET PURCHASE TRANSACTION

With reference to the stock exchange announcement 15 September 2014, Marine

Harvest is pleased to announce that the purchase of the assets of the former

Chilean farming company Acuinova S.A. is completed. The agreed purchase price

for the assets is USD 125 million which is USD 5 million higher than the

initially stated purchase price to reflect a higher biomass at sea. The asset

purchase is subjected to VAT of approximately USD 10 million and will be

financed temporarily by Marine Harvest. The VAT is fully refundable.

For queries, please contact:

Alf-Helge Aarskog (CEO) +47 905 97 529

Ivan Vindheim (CFO) +47 958 71 310

Forward-looking Statements

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

statements that relate to the production capacity of the acquired assets, the

expected 2015 harvest volume of the acquired assets and the expected closing of

the transaction and its timing. Forward-looking statements are typically

identified by words or phrases, such as "expect" and similar expressions or

future or conditional verbs such as "may," "will," "may", "should," "would," and

"could." 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 operational

factors that may affect the production capabilities of the acquired assets and

failure to satisfy conditions precedent for the acquisition. All forward-looking

statements included in this press 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 of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1883551]

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