Mowi ASA

Related Party Transaction • Jun 22, 2021

Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares - Correction

Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares - Correction

This release also includes disclosure details for Fernando Villarroel who is

also a primary insider.

Number of options exercised

The Board of Directors of Mowi awarded 0.9 million options under its senior

executive share option scheme with effect from 2017 to the current participants

in the option scheme. The option scheme forms an important part of Mowi's long-

term remuneration policy for such senior executives. The number of options shall

be adjusted for dividend payments and reduced if the profit through exercise of

options in a year exceeds two times the fixed annual salary of the option

holder. Accordingly, the number of options has been adjusted to 764,101 options

to comply with these provisions.

On 22 June 2021, participants in Mowi's senior executive share option scheme

exercised 764,101 options in Mowi, corresponding to 764,101 shares at a strike

price of NOK 136.51 per share.

On the same date Mowi purchased 764,101 own shares at a price of NOK 233.83 per

share to settle its obligation to deliver the shares. The shares were purchased

in accordance with the authorisation granted at the annual general meeting on 9

June 2021. Following these transactions Mowi still holds zero treasury shares.

Options exercised by primary insiders

Ivan Vindheim exercised 76,012 options in Mowi, corresponding to

76,012 shares at a strike price of NOK 136.51 per share.

Ben Hadfield exercised 64,580 options in Mowi, corresponding to

64,580 shares at a strike price of NOK 136.51 per share.

Fernando Villarroel exercised 42,091 options in Mowi, corresponding to

42,091 shares at a strike price of NOK 136.51 per share.

Ola Brattvoll exercised 53,967 options in Mowi, corresponding to

53,967 shares at a strike price of NOK 136.51 per share.

Transfer of rights

On 22 June 2021 the primary insiders listed above transferred their rights to

receive shares resulting from the exercise of their options to a third party

against a consideration to be determined on the basis of the price subsequently

obtained by the third party when selling the shares. The price subsequently

obtained was NOK 233.83 per share. Please see attached for further details.

New holding

After exercising the options the primary insiders listed above hold the

following number of shares and unexercised options in Mowi:

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Name Title Shares Total unexercised

options

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Ivan Vindheim CEO 7 413 344 594

COO Farming Scotland, Ireland &

Ben Hadfield Faroes 7 623 269 208

Fernando Villarroel COO Farming Americas 165 131 446

Ola Brattvoll COO Sales and Marketing 9 984 269 208

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This information is subject to the disclosure requirements pursuant to section

4-2 and 5-12 of the Norwegian Securities Trading Act.