Leroy Seafood Group - M&A Activity 2016

Lerøy Seafood Group ASA : Acquisition of shares in Havfisk ASA and Norway Seafoods Group AS - transaction completed

Reference is made to stock exchange announcements of 2 June 2016 and 26 August

2016 regarding an agreement between Lerøy Seafood Group ASA ("Lerøy"), Aker

Capital AS and Aker Capital II AS on the acquisition by Lerøy of 53,501,793

shares in Havfisk ASA ("Havfisk"), and 62,293,254 shares in Norway Seafoods

Group AS ("Norway Seafoods"), as well as an agreement to acquire 1,026,632

shares in Havfisk from Fausken Invest AS and Lerøys acquisition of an additional

2,207,410 shares in Havfisk in the market.

The abovementioned transactions have been completed today. Lerøy's aggregate

shareholding in Havfisk thus comprises 56,735,835 shares, which is equal to 67 %

of the shares and voting rights in Havfisk.

Lerøy's aggregate shareholding in Norway Seafoods account to 62,293,254 shares,

which is equal to 73.6 % of the shares and voting rights in Norway Seafoods.

Completion of the acquisitions has triggered the duty of Lerøy to submit a

mandatory offer for the remaining shares in Havfisk in accordance with the

Norwegian Securities Trading Act Chapter 6 at a price of NOK 36.50 per share.

Lerøy will submit such a mandatory offer, and an offer document will be

submitted to Oslo Børs for approval as soon as possible and within the time

limits set out in the Norwegian Securities Trading Act. Following approval of

the offer document and related documentation, the mandatory offer will be

launched.

Lerøy will also launch a voluntary offer on the remaining outstanding shares in

Norway Seafoods at a price of NOK 1.00 per share.

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are engaged as

financial advisors to Lerøy in connection with the mandatory offer in Havfisk

and the voluntary offer in Norway Seafoods. Wikborg, Rein & Co Advokatfirma DA

is engaged as legal advisor.

For further information, please contact:

Helge Singelstad, Chairman of the Board, +47 916 61 001

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.

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