Leroy Seafood Group — M&A Activity 2016

Sep 16, 2016

Lerøy Seafood Group ASA launches mandatory offer to acquire all outstanding shares in Havfisk ASA, and a voluntary offer to acquire all outstanding shares in Norway Seafoods Group AS.

Lerøy Seafood Group ASA launches mandatory offer to acquire all outstanding shares in Havfisk ASA, and a voluntary offer to acquire all outstanding shares in Norway Seafoods Group AS.

Lerøy Seafood Group ASA ("Lerøy") launches mandatory offer to acquire all

outstanding shares in Havfisk ASA, and a voluntary offer to acquire all

outstanding shares in Norway Seafoods Group AS.

Reference is made to the stock exchange notice by Lerøy on 31 August 2016 and

the stock exchange notice published by Oslo Stock Exchange today regarding

approval of the mandatory offer document.

Lerøy has today launched a mandatory offer to acquire all outstanding shares in

Havfisk ASA. The offer price is NOK 36.50 per share, which is the same price per

share as paid in the transactions described in the stock exchange notice 31

August 2016, and equal to the highest price paid or agreed to be paid by Lerøy

or consolidated parties in the period 6 months prior to the triggering of the

mandatory offer obligation. The acceptance period is from 19 September 2016 to

17 October 2016 at 18:00 CET, subject to extension.

The specific terms are set out in an offer document prepared in connection with

the offer, which has been approved by the Oslo Stock Exchange. The offer

document will be sent to shareholders in Havfisk ASA in accordance with

applicable regulations, and may be obtained by contacting DNB Markets, a part of

DNB Bank ASA, Dronning Eufemias gate 30, N-0021 Oslo, Norway, telephone

+47 23 26 81 01 or Pareto Securities AS, Dronning Mauds gate 3, N-0115 Oslo,

Norway, telephone +47 22 87 87 00. The offer document will also be made

available on www.dnb.no/emisjoner and www.paretosec.no from and including 19

September 2016.

Voluntary offer on all shares in Norway Seafoods Group AS:

Lerøy has today launched a voluntary offer to acquire all shares in Norway

Seafoods Group AS. The offer price is NOK 1.00 per share, which is the same

price per share as paid in the transaction described in the stock exchange

notice 31 August 2016. The offer period is from 19 September 2016 to 17 October

2016 at 18:00 CET, subject to extension. A voluntary offer letter will be sent

to shareholders in Norway Seafoods Group AS.

Lerøy has engaged DNB Markets and Pareto Securities as Financial Advisors and

Receiving Agents in connection with the mandatory offer on Havfisk ASA and

voluntary offer on Norway Seafoods Group AS.

Date: 16 September 2016

For further information, please contact:

Sjur Malm, CFO, + 47 417 72 020

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.