Mowi ASA — Remuneration Information 2019

Jun 20, 2019

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2019

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2019

At Mowi ASA's (the "Company") annual general meeting ("AGM") on 29 May 2019 the

Board of Directors was authorised to grant options under the Share Option Scheme

to Senior Executives. On 20 June 2019 the Board of Directors granted 1.5 million

options with a strike price of NOK 222.4108, 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 29 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 Mowi, if a voluntary offer is

followed-up with a forced transfer of shares in accordance with the Norwegian

Securities Trading Act or if Mowi 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

Name shares owned in 2019 outstanding

--------------------------------------------------------------------------------

Alf-Helge Aarskog 39 027 200 000 1 437 771

(CEO)

Ivan Vindheim 1 117 100 000 442 708

(CFO)

Per-Roar Gjerde 780 100 000 379 150

(COO Farming)

Ola Brattvoll 9 688 100 000 442 708

(COO Sales & Marketing)

Ben Hadfield 7 327 100 000 442 708

(COO Fish Feed)

Øyvind Oaland 4 845 25 000 51 384

(Global Director R&D)

Catarina Martins 1 920 25 000 25 000

(Chief Sustainability Officer)

Anne Lorgen Riise 815 25 000 51 384

(Global Director HR)

Glenn Flanders 457 25 000 51 384

(Chief Strategy Officer)

Kim Galtung Døsvig 593 25 000 51 384

(Investor Relations & Head of

Treasury)

--------------------------------------------------------------------------------

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.