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AKVA Group Share Issue/Capital Change 2015

Dec 14, 2015

3532_dirs_2015-12-14_60507d65-bed6-464e-895b-94d39841ee6c.html

Share Issue/Capital Change

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AKVA group ASA : Participation in the share incentive program

AKVA group ASA : Participation in the share incentive program

Employees of AKVA group ASA ("AKVA group" or the "Company") and its subsidiaries

were invited to order shares in the Company in connection with a share incentive

program (the "Share Incentive Program") announced on 10 September 2015.

155 employees decided to invest in the Company, and will be allocated a total of

122.698 shares. The price per share was NOK 27,09, which included a rebate of

20 per cent from the average price the Company has paid for shares acquired up

to 27 November 2015 in the share buyback program initiated on 10 September 2015

(being NOK 33,86 per share). Of the total consideration for the shares of NOK

3.323.889, NOK 793.445 is to be paid through a one-time salary deduction in

January 2016, whereas NOK 2.530.444 is to be paid through monthly salary

deductions over 12 months starting in January 2016, in line with the statutory

and regulatory requirements for such credit arrangements. The shares will be

delivered to the participating employees in January 2016.

The following primary insiders have been allocated shares in the Company through

the Share Incentive Program:

* Trond Williksen, CEO, 886 shares

* Eirik Børve Monsen, CFO, 886 shares

* Per Andreas Hjetland, COO Nordic, 886 shares

* Inge Forseth, COO Technology and Software, 886 shares

* Andrew Campbell, COO Americas & Australasia, 886 shares

* Trond Severinsen, COO Export, 886 shares

* Tore Obrestad, Employee's representative in Board, 886 shares

* Andreas Pierre Hatjoullis, Group Controller, 886 shares

* Svein Grude, Business Controller, 886 shares

After the shares have been delivered in January 2015, the abovementioned primary

insiders will hold the following shares in the Company:

* Trond Williksen, CEO, 40.886 shares

* Eirik Børve Monsen, CFO, 20.886 shares

* Per Andreas Hjetland, COO Nordic, 3.386 shares

* Inge Forseth, COO Technology and Software, 886 shares

* Andrew Campbell, COO Americas & Australasia, 886 shares

* Trond Severinsen, COO Export, 23.311 shares

* Tore Obrestad, Employee's representative in Board, 3.254 shares

* Andreas Pierre Hatjoullis, Group Controller, 886 shares

* Svein Grude, Business Controller, 886 shares

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: 14 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: [email protected]

Eirik Børve Monsen Chief Financial Officer

Phone: +47 51 77 85 00

Mobile:    +47 91 63 98 31

E-mail: [email protected]

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

(Norwegian Securities Trading Act)

[HUG#1973361]