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Mowi ASA Earnings Release 2010

Jan 13, 2011

3665_rns_2011-01-13_16fcfc1f-0b49-43d0-896b-0ae1686eec1e.html

Earnings Release

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UPDATE AFTER THE END OF Q4 2010

Harvest volumes Q4 2010 (1)

MH Norway 60 thousand tonnes

MH Chile (2) 7 thousand tonnes

MH Canada 9 thousand tonnes

MH Scotland 10 thousand tonnes

Other 4 thousand tonnes

Total 90 thousand tonnes

In connection with the presentation of the Q3 2010 results, Marine Harvest

guided a total harvest volume of 87 thousand tonnes (HOG) for Q4 2010.

Notes:

(1) The harvest volumes are provided in head on gutted (HOG) equivalents. The

figures include salmonid species only.

(2) Sold own volume for Chile

Additional information

Operational EBIT for the Group was approximately NOK 1,050 million in Q4 2010.

Operational EBIT per kg for MH Norway was approximately NOK 13 in the quarter.

The Group's estimated harvest volume for 2011 has been increased by 18 thousand

tonnes (HOG), to 340 thousand tonnes (HOG), relative to the guidance provided in

connection with the Q3 2010 presentation. Close to 50% of the increase is

related to MH Norway.

MH Norway's customers are showing a strong interest for entering into contracts

with duration throughout 2011 at prices up to NOK 40 per kg (HOG, FCA Oslo).

Marine Harvest will release its Q4 2010 results on 9 February at 0700 CET.

For further information please contact:

Jørgen K Andersen (CFO) +47 951 43 854

Henrik Heiberg (VP Finance & Treasury) +47 917 47 724

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

(Norwegian Securities Trading Act)

[HUG#1479354]