Mowi ASA — Board/Management Information 2019

Dec 20, 2019

Mowi ASA: Strengthening of Group Management Team

Mowi ASA: Strengthening of Group Management Team

Mowi has today announced changes to its organisational structure and its Group

Management Team in order to increase its focus on the farming entities going

forward. The changes will be effective from 1 January 2020.

"Over the past few years, we have seen increasing biological issues and costs in

our farming division. It is undoubtedly more challenging to be a farmer today

than just a few years back. In order to meet these challenges, we have decided

to strengthen the leadership resources in our Group Management Team," says Ivan

Vindheim, CEO of Mowi.

Further to this, Mowi is dividing its current global farming division into

three:

* Farming Norway

* Farming Scotland and Ireland

* Farming Americas and the Faroes (Chile, Canada and the Faroes)

Per-Roar Gjerde will be the COO of Farming Americas and the Faroes. He will also

lead Farming Norway until we have found the right permanent candidate for this

position. Per-Roar Gjerde has been with Mowi for almost 20 years and is a very

experienced farmer. He has been MD of Region West, MD of Chile, COO Farming

Norway and Chile, and COO Global Farming. He has also previously lived in Chile

when he was MD of Chile.

Ben Hadfield takes on the position of COO Farming Scotland and Ireland. He is

our most experienced farmer in the UK and has held various positions in Mowi

Farming Scotland since 2000, including being MD of Mowi Farming Scotland since

Atle Kvist steps up as the new COO Feed, succeeding Ben Hadfield. Atle Kvist is

currently MD of Mowi Feed and is a very experienced feed executive with a strong

proven track record, having previously been MD of EWOS Norway before joining

Mowi in 2019.

"I am delighted that Per-Roar Gjerde, Ben Hadfield and Atle Kvist have agreed to

bring their extensive expertise and experience to these new positions. This will

enable us to adopt an even more hands-on approach in managing our farming

entities. We will now begin the job of finding the best candidate to run Mowi

Farming Norway on a permanent basis," says Ivan Vindheim, CEO of Mowi.

The announced changes to the organisation will not impact Mowi's financial

reporting structure.

The new Group Management Team consists of:

* CEO: Ivan Vindheim

* CFO: Kristian Ellingsen

* COO Farming Americas and the Faroes, and interim COO Farming Norway: Per-

Roar Gjerde

* COO Farming Scotland and Ireland: Ben Hadfield

* COO Sales & Marketing: Ola Brattvoll

* COO Feed: Atle Kvist

* Chief Technology Officer: Øyvind Oaland

* Chief HR Officer: Anne Lorgen Riise

* Chief Sustainability Officer: Catarina Martins

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.