SalMar ASA — Director's Dealing 2010

Nov 4, 2010

Salmar ASA - Allocation of share options

The following primary insiders in SalMar ASA have been allocated share options

in SalMar ASA with a strike price of NOK 54.30 per share:

Name Position Share options

Roar Husby CFO 110 000

Bjørn Larsen Manager Farming 110 000

Roger Sørensen Manager Processing 110 000

Dag Nikolai Ryste Manager Sales 110 000

Ulrik Steinvik Manager Accounting and Finance 80 000

Pål Georg Storø Manager VAP 30 000

Geir Wærø Region director Sales 30 000

Jørn Erling Larsen Region director Sales 30 000

Geir Meland Accounting Manager 12 500

1/3 of the options is exercisable from the Annual General Meeting in 2011, 1/3

of the options with the addition of options that were not exercised in Period

1, may be exercised from the company's Annual General Meeting in 2012 and 1/3 of

the options with addition of options that were not exercised in Period 1 and

Period 2 may be exercised from the Annual General Meeting in 2013.

All options under this Agreement will expire one week after the company's

announcement of interim results for the first quarter 2014.

The total number of shares and options for the above mentioned primary insiders

are now as follows:

Name Position Total no. of share Total no. of shares

options

Roar Husby CFO 210 000 0

Bjørn Larsen Manager Farming 435 000 30 000 shares

Roger Sørensen Manager Processing 110 000 0

Dag Nikolai Ryste Manager Sales 110 000 0

Ulrik Steinvik Manager Accounting and 130 000 5 800 shares

Finance

Pål Georg Storø Manager VAP 355 000 13 600 shares

Geir Wærø Region director Sales 30 000 0

Jørn Erling Larsen Region director Sales 355 000 160 000 shares

Geir Meland Accounting Manager 12 500 0

Information about the Group's older share option scheme can be found in note 21

to the accounts in the 2009 annual report.

For further information, please contact:

CFO Roar Husby

Cell: +47 9820 6974

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1458939]