Grieg Seafood — Board/Management Information 2020

Jun 23, 2020

Grieg Seafood ASA: Grieg Seafood ASA appoints Chief Commercial Officer to drive the company's downstream strategy

Grieg Seafood ASA: Grieg Seafood ASA appoints Chief Commercial Officer to drive the company's downstream strategy

By 2025, Grieg Seafood has an ambition to grow harvest volume to at least

150 000 tonnes, to become a cost leader in all regions where the company

operates and to reposition the company along the value chain from being a pure

salmon supplier to becoming an innovative partner for selected customers.

Erik Holvik is appointed Chief Commercial Officer of Grieg Seafood ASA to drive

the development and execution of the company's downstream efforts and global

commercial strategy. Mr. Holvik will join the Executive Management Team and

establish Grieg Seafood's fully integrated sales and market organization.

Holvik has a long track record in the seafood industry, and has until now held

the position as Sales Director of Mowi Markets Norway. He began his career in

Coast Seafood in 2003, where he worked for four years in the company's VAP

department. Since 2011, Holvik has held various roles within sales, trading and

towards the retail market in Mowi. From 2013 and onwards, he helped build the

company's sales organization in Bergen. Holvik holds a Bachelor Degree in

Commerce from Macquire University in Australia.

Commenting on the appointment, Andreas Kvame, CEO of Grieg Seafood, said:

"In Grieg Seafood, we have very exciting years ahead of us. By 2025, we will

grow sustainably, we will improve our production cost and we will evolve from

being a pure supplier of salmon to becoming an innovation partner for selected

customers. I am very pleased that Erik Holvik will join our team to develop our

new downstream efforts. He has the experience, the knowledge and not least the

enthusiasm needed to succeed."

Please note a press release in Norwegian and English attached.

For further information, please contact:

Andreas Kvame, CEO

andreas.kvame@griegseafood.com (mailto:andreas.kvame@griegseafood.com)

+47 90771441

For media enquiries, please contact:

Kristina Furnes, Global Communications Manager

Kristina.furnes@griegseafood.com (mailto:Kristina.furnes@griegseafood.com)

+47 48185505

About Grieg Seafood ASA:

Grieg Seafood ASA is one of the world's leading salmon farmers, targeting

100 000 tonnes of harvest (GWT) in 2020. Our farms are in Finnmark and Rogaland

in Norway, British Columbia and Newfoundland in Canada and Shetland in the UK.

Our headquarter is located in Bergen, Norway. Grieg Seafood ASA was listed at

the Oslo Stock Exchange in June 2007. More than 800 people are employed by the

company globally.

Sustainable farming practices are the foundation of Grieg Seafood's operations.

The lowest possible environmental impact and the best possible fish welfare

drive economic profitability. Towards 2025, we aim to harvest 150 000 tonnes, to

achieve cost leadership in each region and to evolve from a pure salmon supplier

to an innovation partner for selected customers. To learn more, please visit

www.griegseafood.com (http://www.griegseafood.com).

This information is subject of the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act