Mowi ASA

Legal Proceedings Report • Nov 28, 2016

Marine Harvest (OSE:MHG, NYSE: MHG): Update from the Norwegian authority regarding development licenses and the Egg concept

Marine Harvest (OSE:MHG, NYSE: MHG): Update from the Norwegian authority regarding development licenses and the Egg concept

On 10 February 2016 Marine Harvest applied for 14 development licenses in

relation to the concept "the Egg". The Egg represents a new enclosed technology

within salmon farming and has many advantages to conventional farmed salmon

production in regards to minimize environmental impact and increase value

creation. The Norwegian Directorate of Fisheries has now informed Marine Harvest

that the Egg concept qualifies in general for the development licenses scheme

and that they may award four development licenses for this project. Marine

Harvest is very pleased with the positive feedback from the Directorate of

Fisheries and we are encouraged to see that the authority shares our view that

the Egg concept represents a new technology which may contribute to move the

salmon industry forward. We will continue to work with the authorities, and hope

they will reach a final conclusion imminently in order for the project to

commence.

To date Marine Harvest has applied for 34 development licenses for four

concepts.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.