AKVA Group — Share Issue/Capital Change 2014

Nov 24, 2014

CONTEMPLATED SALE OF SHARES IN AKVA GROUP ASA

CONTEMPLATED SALE OF SHARES IN AKVA GROUP ASA

Egersund Group AS ("Egersund Group") has retained

Arctic Securities AS and Pareto Securities AS as

joint bookrunners to explore the opportunity to sell

between 3,500,000 and 4,000,000 shares at NOK 26 per

share, representing approximately 13.6 to 15.5

percent of the outstanding shares in AKVA Group ASA

("AKVA" or the "Company")

The application period will commence today at 16.30

CET.

Egersund Group, currently holding 20,903,105 shares,

representing 80.91 percent of the capital in the

Company, has undertaken a customary lock-up for all

their shares in AKVA not sold as part of the placing

lasting until 24 February 2015

Egersund Group AS is represented in the Board of

Directors at AKVA by Hans Kristian Mong and Frode

Teigen.

For further information, please contact:

Arctic Securities AS,

+47 21 01 31 85

Pareto Securities AS,

+47 22 87 87 50