Mowi ASA

Report Publication Announcement • Apr 20, 2017

Marine Harvest ASA (OSE:MHG): Q1 2017 Trading update

Marine Harvest ASA (OSE:MHG): Q1 2017 Trading update

Harvest volumes Q1 2017 (1)

Farming Norway 49 thousand tonnes

Farming Scotland 18 thousand tonnes

Farming Canada 9 thousand tonnes

Farming Chile 6 thousand tonnes

Other 2 thousand tonnes

Total 84 thousand tonnes

In connection with the presentation of the Q4 2016 results, Marine Harvest

guided a total harvest volume of 84 thousand tonnes (GWE) for Q1 2017.

Note:

(1) The harvest volumes are provided in gutted weight equivalents (GWE). The

figures include salmonid species only.

Additional information

Operational EBIT for the Group was approximately EUR 215 million in Q1 2017 (EUR

112 million in Q1 2016).

Total operational EBIT per kg through the value chain were approximately as

follows for the main sources of origin:

Norway EUR   2.50

Scotland EUR   3.00

Canada EUR   3.35

Chile EUR   1.85

Reported net interest bearing debt (NIBD) was approximately EUR 845 million at

the end of the quarter.

The complete Q1 2017 report will be released on 10 May at 06:30 CET.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.