Mowi ASA

Report Publication Announcement • Oct 15, 2018

Marine Harvest ASA (OSE:MHG): Q3 2018 Trading update

Marine Harvest ASA (OSE:MHG): Q3 2018 Trading update

Harvest volumes Q3 2018 (1)

Farming Norway 71.5 thousand tonnes

Farming Scotland 9.0 thousand tonnes

Farming Canada 12.5 thousand tonnes

Farming Chile 13.5 thousand tonnes

Farming Ireland 2.0 thousand tonnes

Farming Faroes 1.5 thousand tonnes

Total 110.0 thousand tonnes

In connection with the presentation of the Q2 2018 results, Marine Harvest

guided a total harvest volume of 108 thousand tonnes (GWE) for Q3 2018.

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 204 million in Q3 2018 (EUR

194 million in Q3 2017).

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

follows:

Norway EUR   2.25

Scotland EUR   1.35

Canada EUR   1.05

Chile EUR   1.25

Ireland EUR   3.45

Faroes EUR   2.80

Reported net interest bearing debt (NIBD) was approximately EUR 1 220 million at

the end of the quarter.

Northern Harvest is consolidated in the group's financial statements with effect

from 3 July. Thus, the above figures for Canada include Northern Harvest.

The complete Q3 2018 report will be released on 31 October at 06:30 CET.

Please refer to the Annual Report for detailed descriptions and reconciliations

of non-IFRS measures such as operational EBIT and NIBD.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.