Mowi ASA

Earnings Release • Feb 5, 2014

Best year ever for Marine Harvest

Best year ever for Marine Harvest

(Oslo, 5 February 2014) The Marine Harvest Group achieved an operational EBIT of

NOK 1 034 million in the fourth quarter of 2013, compared to NOK 64 million in

the corresponding quarter of 2012.

- 2013 was the best year so far for Marine Harvest, with all time high revenues

and annual operating profit. I am proud of all the dedicated Marine Harvest

employees that work hard every single day and contributed to this strong result,

says CEO Alf-Helge Aarskog.

As a consequence of the good results, a quarterly dividend of NOK 1.20 per share

(after reverse split 10:1 as of 23 January 2014) will be distributed.

Marine Harvest Group reported operational revenues and other income of NOK

6 743 million (NOK 4 071 million) in the fourth quarter of 2013. Total harvest

volumes were 103 378 tonnes in the quarter (103 215 tonnes).

Salmon of Norwegian origin achieved an operational EBIT per kilo of NOK 12.03

(NOK 3.62) in the fourth quarter, while salmon of Scottish  and Canadian origin

reported operational EBIT per kilo of NOK 10.23 and NOK 10.20 respectively (NOK

-1.14 and NOK -4.81). Salmon of Chilean origin achieved an operational EBIT per

kilo of NOK 2.48 (NOK -8.17). The figures include contribution from Sales and

Marketing, including VAP Europe and Morpol Processing. Marine Harvest VAP Europe

reported an operational EBIT of NOK -37 million compared to NOK 16 million in

the fourth quarter of 2012. Morpol Processing reported an operational EBIT of

NOK 64 million.

Marine Harvest Group harvested a volume of 343 772 tonnes gutted weight in

2013, compared to 392 306 tonnes in 2012.

- Both Scotland and Canada have record year for profit. We congratulate the

teams responsible for the achievement. I would also like to highlight Morpol in

this quarter. Despite very high raw material prices Morpol managed to generate

profit, says Aarskog.

For further information, please contact:

Ivan Vindheim, CFO, Mobile: +47 958 71 310

Henrik Heiberg, VP Finance & Treasury, Tel: +47 21 56 20 11, Mobile:

+47 917 47 724

About Marine Harvest Group

Marine Harvest Group is the world's leading seafood company and largest producer

of farmed salmon, with presence in 22 countries and a total of 10 400 employees

worldwide. The company is headquartered in Bergen, Norway, and is listed on the

Oslo Stock Exchange and New York Stock Exchange (NYSE). Please see

www.marineharvest.com for further information.

Forward looking statements

This release may be deemed to include forward-looking statements, such as

statements that relate to Marine Harvest's goals and strategies, salmon prices,

ability to increase or vary harvest volume, production capacity, trends in the

seafood industry, restructuring initiatives, exchange rate and interest rate

fluctuations, expected research and development expenditures, business prospects

and positioning with respect to market, demographic and pricing trends,

strategic initiatives, and the effects of any extraordinary events and various

other matters (including developments with respect to laws, regulations and

governmental policies regulating the industry and changes in accounting

policies, standards and interpretations) on Marine Harvest's business and

results. Forward-looking statements are typically identified by words or

phrases, such as "believe," "expect," "anticipate," "intend," "estimate," "may

increase," "may fluctuate," "plan," "goal," "target," "strategy," and similar

expressions or future or conditional verbs such as "may," "will," "should,"

"would," and "could." Forward-looking statements are Marine Harvest's current

estimates or expectations of future events or future results. Actual results

could differ materially from those indicated by these statements because the

realization of those results is subject to many risks and uncertainties. Marine

Harvest ASA's registration statement on Form 20-F filed in 2014, including the

section captioned "Risk Factors," contain additional information about factors

that could affect actual results, including: changes to the price of salmon

including the value of our biological assets; hedging risks; risks related to

fish feed; economic and market risks; environmental risks; operational risks;

risks related to escapes, disease and sea lice; product risks; risks related to

our acquisitions; financing risks; regulation risks including relating to food

safety, the aquaculture industry, processing, competition and anti-corruption;

trade restriction risks; litigation risks; tax and accounting risks; strategic

and competitive risks; and reputation risks. All forward-looking statements

included in this release are based on information available at the time of the

release, and Marine Harvest assumes no obligation to update any forward-looking

statement.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1759213]