Grieg Seafood - Share Issue/Capital Change 2018

Grieg Holdings AS: Restructuring of shareholding

Grieg Holdings AS, main shareholder in Grieg Seafood ASA ("Grieg Seafood"), has

today decided to transfer all its shares in Grieg Seafood to Grieg Aqua AS

through a demerger. Grieg Aqua AS will be established when the demerger is

completed. The parent company of Grieg holdings AS, Grieg Maturitas II AS, will

be the sole shareholder of Grieg Aqua AS.

Through the demerger 55 801 409 shares, corresponding to 49.97% of the

outstanding shares in Grieg Seafood, are transferred. Grieg Holdings AS will not

hold any shares in Grieg Seafood after the transaction.

In addition Grieg Ltd AS (owned 100% by Grieg Maturitas II AS) holds 217 390

shares, corresponding to 0.20%. The shares held by Grieg Ltd AS will be

transferred to Grieg Aqua AS when the demerger of Grieg Holdings AS is

completed.

In total Grieg Maturitas II AS holds 56 018 799 shares in Grieg Seafood through

its subsidiaries, 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.

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