Mowi ASA

Transaction in Own Shares • Aug 26, 2024

Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares

Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares

Number of options exercised

The Board of Directors of Mowi awarded 0.93 million options under its senior

executive share option scheme with effect from 2020 to the current participants

in the option scheme. The option scheme forms an important part of Mowi's long-

term remuneration policy for such senior executives. The number of options has

been adjusted for dividend payments to 1,040,643 options to comply with a

provision in the scheme.

On 26 August 2024, participants in Mowi's senior executive share option scheme

exercised 1,040,643 options in Mowi, corresponding to 1,040,643 shares at a

strike price of NOK 187.50 per share.

On the same date Mowi purchased 1,040,643 own shares at a price of NOK 189.20

per share to settle its obligation to deliver the shares. The shares were

purchased in accordance with the authorisation granted at the annual general

meeting on 30 May 2024. Following these transactions Mowi still holds zero

treasury shares.

Options exercised by primary insiders

Ivan Vindheim exercised 145,466 options in Mowi, corresponding to

145,466 shares at a strike price of NOK 187.50 per share.

Kristian Ellingsen exercised 61,543 options in Mowi, corresponding to

61,543 shares at a strike price of NOK 187.50 per share.

Øyvind Oaland exercised 61,543 options in Mowi, corresponding to

61,543 shares at a strike price of NOK 187.50 per share.

Ben Hadfield exercised 61,543 options in Mowi, corresponding to

61,543 shares at a strike price of NOK 187.50 per share.

Fernando Villarroel exercised 39,164 options in Mowi, corresponding to

39,164 shares at a strike price of NOK 187.50 per share.

Ola Brattvoll exercised 61,543 options in Mowi, corresponding to

61,543 shares at a strike price of NOK 187.50 per share.

Atle Kvist exercised 61,543 options in Mowi, corresponding to

61,543 shares at a strike price of NOK 187.50 per share.

Catarina Martins exercised 27,974 options in Mowi, corresponding to

27,974 shares at a strike price of NOK 187.50 per share.

Kim Galtung Døsvig exercised 27,974 options in Mowi, corresponding to

27,974 shares at a strike price of NOK 187.50 per share.

Transfer of rights

On 26 August 2024 the primary insiders listed above transferred their rights to

receive shares resulting from the exercise of their options to a third party

against a consideration to be determined on the basis of the price subsequently

obtained by the third party when selling the shares. The price subsequently

obtained was NOK 189.20 per share. Please see attached for further details.

New holding

After exercising the options the primary insiders listed above hold the

following number of shares and unexercised options in Mowi:

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Unexercised

Name Position Shares held options

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Ivan Vindheim CEO 7,903 846,197

Kristian Ellingsen CFO 1,243 423,098

Øyvind Oaland COO Farming Norway & Iceland 5,631 423,098

Ben Hadfield COO Farming Scotland, Ireland,

Faroes and Canada East 8,113 423,098

Fernando Villarroel COO Farming Americas 5,655 423,098

Ola Brattvoll COO Sales & Marketing 10,474 423,098

Atle Kvist COO Feed 786 423,098

Catarina Martins CTO & Chief Sustainability Officer 2,688 125,775

Kim Galtung Døsvig Investor Relations & Head of

Treasury 1,379 105,775

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This information is subject to the disclosure requirements pursuant to section

4-2 and 5-12 of the Norwegian Securities Trading Act.