Mowi ASA

Remuneration Information • Jun 21, 2016

Marine Harvest (OSE:MHG, NYSE:MHG): Share option scheme for senior executives and allocation of options 2016.

Marine Harvest (OSE:MHG, NYSE:MHG): Share option scheme for senior executives and allocation of options 2016.

At the Company's annual general meeting on 9 June 2016 (AGM) the Board of

Directors was authorised to grant options under the Share Option Scheme for

Senior Executives. On 20 June 2016 the Board of Directors granted 1.5

million options with a strike price of NOK 153.0371, corresponding to 107.5% of

the volume weighted average share price on the Oslo Stock Exchange at the date

of the AGM, to a total of 18 individuals.

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, if a voluntary

offer is followed up with a forced transfer of shares in accordance with the

Norwegian Securities Trading Act or if Marine Harvest is the non-surviving

entity in a merger with another company.

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 and provisions in the option agreements.

Total profit through the exercise of the option in a year is capped 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 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 Total options

shares owned in 2016 allotted

Alf-Helge Aarskog (CEO) 38 570 470 000 2 170 752

Ivan Vindheim (CFO) 660 100 000 440 151

Marit Solberg (COO Farming) 47 813 100 000 440 151

Ola Brattvoll (COO Sales & 9 231 100 000 440 151

Marketing)

Ben Hadfield (COO Fish Feed) 6 870 100 000 365 373

This information is subject to the disclosure requirements pursuant to section

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

[HUG#2021969]