Grieg Seafood - Major Shareholding Notification 2018

Grieg Holdings AS: Restructuring of shareholding completed into Grieg Aqua AS

We refer to the Stock Exchange Notice 17(th) of September 2018 regarding the

demerger of the main shareholder Grieg Holdings AS, whereas all its shares in

Grieg Seafood ASA will be transferred to Grieg Aqua AS,

established in connection with the demerger.

The demerger is now completed and the new group company Grieg Aqua AS is

established and has become the owner of all 55 801 409 shares, corresponding to

49.97 % of the outstanding shares in Grieg Seafood ASA,

previously owned by Grieg Holdings AS. Grieg Holdings AS will not hold any

shares in Grieg Seafood after the transaction. The parent company of Grieg

Holdings AS, Grieg Maturitas II AS, is the sole shareholder

of Grieg Aqua AS.

In addition 217 390 Grieg Seafood shares, corresponding to 0.20 %, is today

transferred from Grieg Ltd AS (owned 100 % by Grieg Maturitas II AS) to Grieg

Aqua AS at a share price of NOK 115.10

corresponding to the Grieg Seafood shares closing price today. In total Grieg

Aqua AS holds 56 018 799 shares in Grieg Seafood ASA corresponding to 50.17% of

the outstanding shares.

The Oslo Stock Exchange has, pursuant to section 6-2 (3) of the Norwegian

Securities Trading Act, granted an exemption from the mandatory offer obligation

with respect to the transactions.

This information is subject to the disclosure requirements pursuant to Sections

4-2 and 4-3 of the Norwegian Securities Trading Act.

This information is subject to the disclosure requirements pursuant to Sections

4-2 and 4-3 of the Norwegian Securities Trading Act.

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