Mowi ASA

Remuneration Information • Jun 22, 2017

Marine Harvest (OSE:MHG): Share option scheme for senior executives and allocation of options 2017

Marine Harvest (OSE:MHG): Share option scheme for senior executives and allocation of options 2017

At the Company's annual general meeting on 1 June 2017 (AGM) the Board of

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

Senior Executives. On 22 June 2017 the Board of Directors granted 1.5 million

options with a strike price of NOK 161.7566, 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 22 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 2017 outstanding

Alf-Helge Aarskog (CEO) 38 670 300 000 1 976 317

Ivan Vindheim (CFO) 760 100 000 441 763

Marit Solberg (COO Farming) 12 913 100 000 441 763

Per-Roar Gjerde (COO Farming) 423 100 000 441 763

Ola Brattvoll (COO Sales & 9 331 100 000 441 763

Marketing)

Ben Hadfield (COO Fish Feed) 6 970 100 000 441 763

This information is subject to the disclosure requirements pursuant to section

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