Grieg Seafood - Major Shareholding Notification 2016

Mandatory notification of trade

Reference is made to the stock exchange announcement

on 21 November 2016 regarding the potential sale of up

to 1,824,565 shares in Grieg Seafood ASA ("Grieg

Seafood" or the "Company") by Kvasshøgdi AS and Grieg

Shipping II AS (the "Selling Shareholders").

Kvasshøgdi AS has today sold 1,000,000 shares in Grieg

Seafood at a price of NOK 79 per share and Grieg

Shipping II AS has sold 824,565 shares in Grieg

Seafood at a price of NOK 79 per share.

After the transaction, the Selling Shareholders owns

no shares in Grieg Seafood.

The Selling Shareholders are owners and members of the

Grieg Group that holds a majority holding in the

Company, through Grieg Holdings AS, Grieg Limited AS,

Ystholmen AS and Per Grieg Jr. privately. Following

the transaction the Grieg Group controls 58,961,996

shares, corresponding to approximately 52.8 per cent

of the outstanding shares in the Company. The Grieg

family is committed to continue to be a majority and

strategic long-term owner and represented on the Board

of the Company. Grieg Seafood will still be

consolidated within the Grieg Group.

Arctic Securities AS acted as manager and bookrunner

for the transaction.

The Selling Shareholders are represented on the Board

of Directors of Grieg Seafood by Per Grieg Jr., who

acts as Chairman of the Board.

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