Mowi ASA

Share Issue/Capital Change • Jun 23, 2021

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2021

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2021

At Mowi ASA's (the "Company") annual general meeting ("AGM") on 9 June 2021 the

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

to Senior Executives, as described in Mowi's guidelines for remuneration of

leading personnel (the "Guidelines"). On 23 June 2021 the Board of Directors

granted 1.675 million options with a strike price of NOK 247.1395, 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 34 individuals.

In accordance with the Guidelines , 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, please see attached allocation details. The primary

insiders have the following number of shares and options, adjusted for dividends

paid, in the Company.

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Total number of Options granted Total options

Name shares owned in 2021 outstanding

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Ivan Vindheim

(CEO) 7 413 200 000 544 594

Kristian Ellingsen

(CFO) 753 100 000 155 283

Øyvind Oaland

(COO Farming Norway) 5 141 100 000 208 764

Ben Hadfield

(COO Farming Scotland and

Ireland) 7 623 100 000 369 208

Fernando Villarroel

(COO Farming Americas) 165 100 000 231 446

Ola Brattvoll

(COO Sales & Marketing) 9 984 100 000 369 208

Atle Kvist

(COO Feed) 296 100 000 181 303

Catarina Martins

(CTO & Chief Sustainability

Officer) 2 216 25 000 76 149

Anne Lorgen Riise

(Chief HR Officer) 1 111 25 000 103 610

Kim Galtung Døsvig

(Investor Relations & Head of

Treasury) 889 25 000 103 610

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This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.