SalMar ASA

SalMar - CEO Yngve Myhre to step down

SalMar's CEO Yngve Myhre has notified the board of directors of his decision to

resign from the company with effect from 30 June 2014. The board will

immediately start looking for his replacement.

"The board of directors wishes to thank Yngve Myhre for the contribution he has

made during a period in which the company has undergone considerable growth and

development. Under Mr Myhre's leadership, SalMar has continued to advance and

expand its operations. His replacement as CEO will therefore take over an

extremely robust company," said Bjørn Flatgård, SalMar's Board Chair.

Yngve Myhre became CEO in June 2011, since when the company has grown both

organically and through a series of strategic acquisitions. After a hectic

period, however, Mr Myhre has decided it is time to step down. He wishes to

thank the company's shareholders, board of directors and colleagues for their

cooperation and support during his tenure as CEO.

"The period since I came to SalMar in 2011 has been exciting, instructive and

challenging. But after several years of commuting to Frøya, and with almost 200

travel days a year, it is now time to give priority to my family. SalMar is one

of the most exciting seafood enterprises in Norway, and thanks to the efforts of

its highly competent workforce, the company has a solid foundation on which to

continue building," said Yngve Myhre.

In accordance with his employment contract, Mr Myhre will remain at the disposal

of the company throughout his period of notice, and will receive six months'

severance pay.

For further information, please contact:

Bjørn Flatgård, Board Chair

Tel: +47 9014 9803

Yngve Myhre, CEO

Tel: +47 9163 0174

Website: www.salmar.no

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1752533]

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