Mowi ASA

Remuneration Information • Aug 25, 2020

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2020

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2020

At Mowi ASA's (the "Company") annual general meeting ("AGM") on 3 June 2020 the

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

to Senior Executives. On 25 August 2020 the Board of Directors granted 1.125

million options with a strike price of NOK 209.8076, 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 32 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:

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Total number of Options granted Total options

Name shares owned in 2020 outstanding

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Ivan Vindheim

(CEO) 7 248 130 000 460 746

Kristian Ellingsen

(CFO) 588 55 000 55 000

Øyvind Oaland

(COO Farming Norway) 4 976 55 000 108 212

Ben Hadfield

(COO Farming Scotland and

Ireland) 7 458 55 000 385 746

Ola Brattvoll

(COO Sales & Marketing) 9 819 55 000 385 746

Atle Kvist

(COO Feed) 131 55 000 80 889

Catarina Martins

(CTO & Chief Sustainability

Officer) 2 051 25 000 50 889

Anne Lorgen Riise

(Chief HR Officer) 946 25 000 78 212

Kim Galtung Døsvig

(Investor Relations & Head of

Treasury) 724 25 000 78 212

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This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.