Mowi ASA

Remuneration Information • Jun 24, 2014

MHG - SHARE OPTION SCHEME FOR SENIOR EXECUTIVES - ALLOCATION OF OPTIONS 2014

MHG - SHARE OPTION SCHEME FOR SENIOR EXECUTIVES - ALLOCATION OF OPTIONS 2014

Reference is made to the 2014 annual general meeting's approval of issuing 1.5m

options under the Share Option Scheme for Senior Executives (scheme) with a

strike price corresponding to 107.5% of the volume weighted average share price

on OSE the day of the AGM, being NOK 81,722.On 23 June 2014, the Board of

Directors resolved the allocation of the options to a total of 18 individuals.

The scheme is based on annual allocations of a number of European call options

with a strike price of 107.5 per cent of the volume weighted average share price

of Marine Harvest's shares on OSE on the date of the annual general meeting

where the issuance of options are approved . The options have a term of 4 years

but will become exercisable immediately if a mandatory bid is made for all of

the shares in Marine Harvest or if Marine Harvest is the non-surviving entity in

a merger with another company.

If the holder of the options exercises the options, the company may settle its

obligation through the issue of new shares or, alternatively, by selling

treasury shares to the option holder. There will be no lock-up obligation on the

shares the option holder receives through the exercise of the option.

The exercise of the option is conditional upon the option holder being employed

in a non-terminated position in the Marine Harvest Group at the date of

exercise.

The number of shares and the strike price will be adjusted for dividends and

changes in the equity capital during the term of the option according to the

Oslo Stock Exchange's derivative rules. Total profit through the exercise of the

option in a year is kept at two years' salary for the option holder. If the

profit exceeds this limit, the number of shares to be issued will be reduced

accordingly. The scheme assumes that the board will propose an allocation of

options to the annual general meeting each year.

The following primary insiders in the company have been allocated options

according to the above and have, following this and adjustments for dividends

paid, the following number of shares and options in the company:

Total number of Options granted Options granted Options granted

shares owned in 2012 in 2013 in 2014

Alf-Helge

Aarskog

(CEO)                  138,434                  564,068 564,068            535,201

Ivan

Vindheim

(CFO) 524                  112,814 112,814 107,040

Marit

Solberg

(COO

Farming) 47,677                  112,814 112,814 107,040

Ola

Brattvoll

(COO S&M) 9,095                  112,814 112,814 107,040

Ben

Hadfield

(COO

FEED) 6,734 -             45,125 107,040

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1799393]