Mowi ASA

Capital/Financing Update • May 10, 2017

Marine Harvest ASA (OSE:MHG): Enter into Term Sheet to refinancing existing bank facility

Marine Harvest ASA (OSE:MHG): Enter into Term Sheet to refinancing existing bank facility

On 10 May 2017, Marine Harvest ASA has entered into a Term Sheet to refinance

its existing bank facility with a senior secured five year EUR 1,206 million

multicurrency revolving credit facility with DNB, Nordea, ABN Amro, Rabobank,

Danske Bank and SEB. The Facility includes an accordion increase option, which

provides flexibility for the parties to agree an increased size of the facility

by an additional EUR 200 million during the term of the Facility. The principal

financial covenant of the Facility is an equity ratio of minimum 35%. The

refinancing is subject to final documentation.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.