AKVA Group - Regulatory Filings 2017

AKVA group ASA: Information regarding development licenses

Atlantis Subsea Farming AS (the "Company") applied for 6 development licenses

the 29(th) of January 2016. The Norwegian Directorate of Fisheries have informed

the Company that the Company's concept has progressed another step further in

the process to get awarded development licenses. The Directorate will go ahead

with processing the application limited to 2 licenses, but have rejected the

application in terms of the other 4 permits applied for. The Company will

consider whether to appeal the decision or not. The Company is owned with equal

stakes by AKVA group ASA, Sinkaberg-Hansen AS og Egersund Net AS.

Dated: March 12(th), 2017

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

Trude Olafsen General Manager Atlantis Subsea Farming AS

Phone: +47 51 77 85 00

Mobile: +47 915 57 400

Hallvard Muri Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 915 80 750

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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