AKVA Group — Remuneration Information 2015

Dec 1, 2015

AKVA group ASA : Share incentive program for employees

AKVA group ASA : Share incentive program for employees

The board of directors of AKVA group ASA ("AKVA group" or the "Company") has

decided to launch a share incentive program (the "Share Incentive Program") for

certain eligible employees of the Company and its subsidiaries.

The intention of the Share Incentive Program is to give employees an opportunity

to buy shares in the Company at a discounted price. The shares offered to

employees are existing shares in AKVA group which have been acquired in the

market in accordance with a share buy-back program initiated by AKVA group, and

which are offered to employees under an exemption from the obligation to prepare

an offering prospectus set out in section 7-4 (1) no. 9 of the Norwegian

Securities Trading Act. No prospectus will accordingly be prepared in connection

with the Share Incentive Program.

The employees eligible for participation in the Share Incentive Program must

confirm their participation in the program in the period commencing on 1

December 2015 and ending on 14 December 2015 at 12:00 hours CET. The shares will

be allocated to such employees in January 2016.

Overview of terms and conditions for participation in the Share Incentive

Program:

* The Share Incentive Program is limited to employees of the Company and its

subsidiaries with permanent employment contracts at commencement of the

Share Incentive Program  ("Eligible Employees")

* The share price offered to Eligible Employees will be NOK 27,09, which is

the average price the Company has paid for shares acquired up to 27 November

2015 through the share buyback program initiated on 10 September 2015 (the

"Share Buyback Program"), NOK 33,86 per share, minus a discount of 20 per

cent

* Eligible Employees will be able to buy shares for NOK 5 000, NOK 10 000, NOK

15 000, NOK 20 000, NOK 25 000 or NOK 30 000.

* There will be an option for Eligible Employees to pay for purchased shares

through a one-time deduction in salary payment in January 2016 or by monthly

deductions in salary over 12 months starting in January 2016

* To the extent Eligible Employees choose to pay in monthly instalments

through a deduction from the salary, participation in the Share Incentive

Program will be limited to an amount less than or equal to 2 months of net

salary payment (salary after tax) for such Eligible Employees. In the event

Eligible Employees seize to be employed or are subject to time limited lay

off without having settled all outstanding instalments, the remaining

instalments will be deducted from the salary as part of the final wage

settlement.

* Eligible Employees participating in the Share Incentive Program will be

responsible for and have to cover their own personal tax cost related to

receiving discounted shares from their employer. The tax treatment on a

personal level varies from country to country. Their employer may, depending

on local law and regulations, have to implement payroll withholding on the

benefit earned by Eligible Employees, as well as comply with any tax

reporting requirements.

* If the Company is not able to buy a sufficient number of shares in the

market through the Share Buyback Program to deliver all shares ordered by

Eligible Employees, then the number of shares allocated to participating

Eligible Employees will be reduced on a pro rata basis. For illustrative

purposes: if the Company is only able to buy 90 per cent of the required

shares in the market, then each participating Eligible Employees will be

allocated  only 90 per cent of the number of shares requested.

Timetable:

* Eligible Employees must confirm their participation in the Share Incentive

Program in the period commencing on 1 December 2015 and ending on 14

December 2015 at 12:00 hours CET

* Participating Eligible Employees will be notified regarding the amount of

shares they will be allocated before year end 2015

* Shares will be delivered to participating Eligible Employees in January 2016

Securities represent a speculative investment and involves a high degree of

risk. An investment in the Company's shares is suitable only for investors who

understand the risk factors associated with this type of investment and who can

afford a loss of all or part of the investment. Each Eligible Employee

contemplating an investment in the Company's shares must determine the

suitability of that investment in light of its own circumstances. In particular,

each potential investor should, inter alia:

* have sufficient knowledge and experience to make a meaningful evaluation of

the Company's shares and the merits and risks of investing in the Company's

shares;

* have access to, and knowledge of, appropriate analytical tools to evaluate,

in the context of its particular financial situation, an investment in the

Company's shares and the impact the Company's shares will have on its

overall investment portfolio;

* have sufficient financial resources and liquidity to bear all of the risks

of an investment in the Company's shares;

* be able to evaluate (either alone or with the help of a financial adviser)

possible scenarios for economic and other factors that may affect its

investment and its ability to bear the applicable risks.

Past performance of the shares is not an indication of future performance.

About AKVA group

AKVA group is a technology and service partner to the aquaculture industry

worldwide. The company has 701 employees, offices in 8 countries and a total

turnover of NOK 1.2 billion in 2014. We are a public listed company operating in

one of the world's fastest growing industries and supply everything from single

components to complete installations, both for cage farming and land based

aquaculture. AKVA group is recognized as a pioneer and technology leader through

more than 30 years. The Corporate Headquarter is in Bryne, Norway.

Date: 1. December 2015

AKVA group ASA

CONTACTS:

Trond Williksen Chief Executive Officer

Phone: +47 51 77 85 00

Mobile: +47 91 63 01 73

E-mail: twilliksen@akvagroup.com

Eirik Børve Monsen Chief Financial Officer

Phone: +47 51 77 85 00

Mobile:    +47 91 63 98 31

E-mail: emonsen@akvagroup.com

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

(Norwegian Securities Trading Act)

[HUG#1970143]