Grieg Seafood — Remuneration Information 2016

Mar 11, 2016

Grieg Seafood ASA: Mandatory Notification of Trade - synthetic share options

Grieg Seafood ASA: Mandatory Notification of Trade - synthetic share options

Primary insiders Sigurd Pettersen, Regional Director in Grieg Seafood Shetland

Ltd., and Knut Utheim, COO in Grieg Seafood ASA, have each redeemed 50,000

synthetic share options in Grieg Seafood ASA at a redemption rate of NOK 24.65.

The settlement is paid in cash. The synthetic share option program beneficiary

is obliged to re-invest 50% of his proceeds from the program in Grieg Seafood

ASA shares. This obligation is enforced until the beneficiary owns 100% of his

gross annual salary. Sigurd Pettersen has after this 200,000, and Knut Utheim

has after this 250,000, synthetic share options available in Grieg Seafood ASA.

Both Sigurd Pettersen and Knut Utheim are part of Grieg Seafood ASA's synthetic

share option program, and in this connection they both have an obligation to

hold shares in Grieg Seafood ASA.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1993626]