Grieg Seafood — Board/Management Information 2015

Feb 3, 2015

Grieg Seafood ASA: New Group managing director in Grieg Seafood ASA

Grieg Seafood ASA: New Group managing director in Grieg Seafood ASA

Andreas Kvame (52) is hired as the new Group managing director (CEO) for Grieg

Seafood ASA. Kvame comes from the position as managing director for Scanbio AS,

and knows the salmon farming industry very well after 17 years in different

management positions in Marine Harvest and the predecessor Hydro Seafood. Kvame

was employed by Gilde Agro during 1983 -1995, the last 3 years as operating

manager for the processing plants at Forus and Egersund. Kvame is educated

within agriculture, as well as having additional education within business

administration management.

Kvame started in Marine Harvest as manager of the processing plant Ryfisk at

Hjelmeland, and from 2001, he was a director in Marine Harvest Norway, with full

responsibility for sales and processing, logistics and planning. From 2003,

Kvame has had several positions in Marine Harvest Europe as director and has

been responsible within the same areas up until 2013. He was member of the

Marine Harvest Europe management team.

"We are particularly happy to welcome Andreas Kvame as our new CEO", Per Grieg

jr says, the chairman of the board in Grieg Seafood ASA. "He will in an

excellent way complement the already strong leader team now in place in the

company and will participate in developing our many potentials."

"I look forward to join and head up one of the leading salmon producers

globally", Andreas Kvame says. "The company has clear ambitions about

participating actively in the strong growth that the salmon farming industry is

facing during the next years, and for me it is exiting to contribute to this

value creation."

The board of directors of Grieg Seafood points to Kvame's strong ability for

execution that will contribute to a better utilization of our production

capacity, increase our cost efficiency and increase the production from today's

level of 70,000 tons of salmon annually.

Grieg Seafood ASA (www.griegseafood.com) has about 650 employees in Norway,

Scotland and Canada with total sales of 2.6 billion NOK in 2014. The company

farms in 4 regions in Rogaland, Finnmark, Scotland and British Columbia. They

own or rent over 100 licenses and sites for salmon production. The company was

started in 1992 and listed on Oslo Stock exchange in 2007 (GSF). All sales are

handled by Ocean Quality, one of Europe's leading salmon distributors. Ocean

Quality has about 35 employees and is owned with 60% by the company. Grieg

Seafood is part of the Grieg Group (www.grieg.no).

Andreas Kvame will start in his new position latest 1 June 2015.

Any enquiries to the chairman of the board, Per Grieg jr, mobile +47 908 31 648

or mail per.grieg@grieg.no.

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

(Norwegian Securities Trading Act)

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