Mowi ASA — Director's Dealing 2010

Dec 17, 2010

Mandatory notification of trade

Geveran Trading Co Ltd, which is indirectly controlled by trusts established by

John Fredriksen for the benefit of his immediate family, has extended TRS

agreements relating to 20 million shares in Marine Harvest ASA. The new

expiration of the TRS agreements is March 17th 2011. The exercise price on the

agreements is NOK 5.9561 per share. Geveran Trading's affiliated ownership in

Marine Harvest ASA is following this transaction unchanged 829,632,775 shares,

constituting 23.21 percent of the issued share capital. In addition Geveran

Trading hold TRS agreements with a net exposure to 70 million shares in Marine

Harvest ASA.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1473469]