Grieg Seafood - Remuneration Information 2016

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

Primary insider Atle Harald Sandtorv, CFO in Grieg Seafood ASA, has redeemed

100,000 synthetic share options in Grieg Seafood ASA at a redemption rate of NOK

24.61. 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. At the redemption date Atle Harald Sandtorv has

fulfilled his purchase obligations. Atle Harald Sandtorv has after this 200,000

synthetic share options available in Grieg Seafood ASA.

Atle Harald Sandtorv is part of Grieg Seafood ASA's synthetic share option

program, and in this connection he has 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#1990739]

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