Mowi ASA

Marine Harvest (OSE:MHG, NYSE:MHG): Marine Harvest completes the purchase of farming assets on the East Coast of Canada

With reference to the stock exchange announcement of 19 December 2016.

The Court of Queen's Bench of New Brunswick has approved Marine Harvest as the

purchaser of the assets owned by the Gray Aqua Group of Companies. Marine

Harvest is pleased with the decision and looks forward to detail a production

plan and investment framework for the East Coast of Canada.

For queries, please contact:

Alf-Helge Aarskog (CEO) +47 905 97 529

Ivan Vindheim (CFO) +47 958 71 310

Forward-looking Statements

This stock exchange announcement may be deemed to include forward-looking

statements, such as statements that relate to the production capacity of the

acquired assets, the expected harvest volume of the acquired assets and the

expected closing of the transaction and its timing. 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 results

could differ materially from those indicated by these statements because the

realization of those results is subject to many risks and uncertainties,

including operational factors that may affect the production capabilities of the

acquired assets and failure to satisfy conditions precedent for the acquisition.

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 to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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