Mowi ASA

Earnings Release • Jan 17, 2014

UPDATE AFTER THE END OF Q4 2013

UPDATE AFTER THE END OF Q4 2013

Harvest volumes Q4 2013 (1)

Farming Norway 68 thousand tonnes

Farming Scotland 12 thousand tonnes

Farming Canada 6 thousand tonnes

Farming Chile 14 thousand tonnes

Other 3 thousand tonnes

Total 103 thousand tonnes

In connection with the presentation of the Q3 2013 results, Marine Harvest

guided a total harvest volume of 100 thousand tonnes (HOG) for Q4 2013.

Notes:

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

figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately NOK 990 million in Q4 2013 (NOK

64 million in Q4 2012).

Total operational EBIT per kg through the value chain were approximately as

follows for the main sources of origin:

* Norway NOK 12.0

* Scotland NOK 8.4

* Canada NOK 10.2

* Chile NOK 2.5

Net interest bearing debt (NIBD) was approximately NOK 7.9 billion by the end of

the quarter.

The Q4 2013 report will be released on 5 February at 0700 CET.

NYSE listing

Marine Harvest is pleased to announce that the previously announced listing of

the company's ordinary shares, which will be represented by American Depositary

Shares, on the New York Stock Exchange is expected to take place on or about 28

January 2014. Marine Harvest will not sell any ordinary shares or American

Depositary Receipts in connection with the listing.

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

statements that relate to Marine Harvest's intended listing on the New York

Stock Exchange, the form of such listing and the sale of ordinary shares or

American Depositary Receipts in connection with the listing.  Forward-looking

statements are typically identified by words or phrases, such as "expect" 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

events could differ materially from those indicated by these statements because

the realization of those events is subject to many risks and uncertainties.

Factors that could affect actual events include: economic and market risks;

operational risks; financing risks; regulation risks; tax and accounting risks;

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

statements included in this news release are based on information available at

the time of the release, and Marine Harvest assumes no obligation to update any

forward-looking statement.

[HUG#1755344]