Leroy Seafood Group — Director's Dealing 2016

Mar 18, 2016

Mandatory notification of trade

Mandatory notification of trade

Austevoll, 18 March 2016

Austevoll Seafood ASA ("Austevoll") has today sold

2,750,000 shares in Lerøy Seafood Group ASA ("Lerøy")

at a price of NOK 355 per share. After the

transaction, Austevoll owns 31,394,281 shares in

Lerøy, corresponding to approximately 57.52 per cent

of the share capital in Lerøy.

Austevoll has entered into a customary lock up of the

remaining of the shares for a period of 90 calendar

days from closing of the transaction.

Pareto Securities AS acted as Sole Bookrunner for the

transaction.

Austevoll is currently a primary insider in Lerøy and

is represented on the Board of Directors of Lerøy by

Helge Singelstad, the Chairman of the Board of

Austevoll, who acts as the Chairman of the Board, Arne

Møgster, the CEO of Austevoll, who acts as a Board

member, and Britt Kathrine Drivenes, the CFO of

Austevoll, who acts as a Board member.

This information is subject to the disclosure

requirements pursuant to section 4-2 of the Norwegian

Securities Trading Act.