Mowi ASA

Marine Harvest (OSE:MHG, NYSE:MHG): Termination of merger process between Marine Harvest Chile and AquaChile

Reference is made to the stock exchange notice dated 19 January 2015.

The potential merger was subject to a number of conditions including, among

other things, execution of definitive transaction documentations, due diligence

and approvals from relevant competition authorities. The parties have

unfortunately not been able to reach a joint final agreement and the Conditional

Transaction Agreement has been terminated by mutual consent.

MHG still believes in Chile as one of the global centres for salmon farming

going forward. Accordingly, MHG will continue to develop its current farming

assets in Chile through its wholly-owned subsidiary MH Chile. MHG still believes

that consolidation in Chile is a prerequisite for establishing a profitable and

sustainable industry in the region.

Forward-looking Statements

This press release may be deemed to include forward-looking statements.

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", "may", "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. All forward-looking statements included in this press 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#1927168]

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