Aker

SalMar Aker Ocean AS becomes a wholly owned subsidiary of SalMar ASA

SalMar ASA ("SalMar") has entered into an agreement with Aker Capital AS

("Aker") to purchase Aker's 15 percent ownership stake in SalMar Aker Ocean AS

("SAO"). The settlement consists of one million SalMar shares and a cash

consideration of NOK 76 million.

Offshore aquaculture offers promising growth opportunities both domestically and

globally. Following extensive evaluations and discussions, the two partners,

SalMar and Aker, have concluded that the technological development and

opportunities for offshore/semi-offshore aquaculture, both within and outside

Norway, can be more effectively managed as an integrated part of the SalMar

group. The same goes for evaluating technical and regulatory frameworks across

locations and production areas. Roy Reite and Trine Sæther Romuld, the CEO and

CFO of SalMar Aker Ocean AS respectively, have found it natural to step down as

the company is incorporated and managed as a wholly-owned subsidiary of SalMar.

Anders Fjellheim will become the new managing director of the company.

The transaction values SAO at NOK 4.33 billion on a 100 percent basis. SalMar,

which already owns 85 percent of SAO, is purchasing Aker's shares for NOK 650

million. Of this amount, one million shares are valued at NOK 574 million,

equivalent to NOK 574 per share. As a result, Aker will become a 0.75 percent

owner in SalMar.

- END -

Media contact: Atle Kigen, Head of Media Relations and Public Affairs Aker ASA

Tel: +47 90 78 48 78

Investor contact: Svein Oskar Stoknes, Chief Financial Officer Aker ASA

Tel: +47 94 80 46 43

AI Terminal