SalMar ASA

Remuneration Information • Dec 21, 2022

SalMar - 2022 share-based incentive scheme for senior executives and key personnel

SalMar - 2022 share-based incentive scheme for senior executives and key personnel

In accordance with the authorization granted by the AGM on 8 June 2022, the

board of directors of SalMar ASA has decided to establish a share-based

incentive scheme (Restricted Share Unit Plan) for senior executives and key

personnel employed by the company and its subsidiaries. The scheme encompasses

up to 250 000 shares and has a duration of three years. The company's liability

with respect to the scheme will be met through existing holdings of treasury

shares. As of 21 December 2022, SalMar ASA holds 14 286 treasury shares.

The purpose of the share-based incentive scheme (RSUP) is to encourage employees

to maintain a deep, long-term engagement in the company, through a further

alignment of the employees' interests with those of other shareholders. Under

the RSUP, participating individuals will be awarded shares to motivate them to

contribute to the continued success and profitability of the company, as well as

deliver outstanding results. The RSUP will also enhance SalMar's ability to

attract and retain staff.

Under the RSUP, participants will receive, free of charge, Restricted Share

Units (RSUs), which, if certain predefined performance criteria are met within

an accrual period, will be released and transferred to them as shares. The RSUP

comprises three accrual periods of one, two and three calendar years

respectively, with 2022 being the first year. Each accrual period encompasses

1/3 of the total number of RSUs included in the scheme. One RSU gives a

contingent entitlement to one share.

The following criteria determine the award of RSUs during each of the three

accrual periods:

- Award of 1/3 of the RSUs is independent of any performance criteria

- Award of 1/3 of the RSUs depends on SalMar achieving a certain EBIT/kg more

than other aquaculture companies listed on the Oslo Stock Exchange during the

accrual period

- Award of 1/3 of the RSUs depends on SalMar's shares achieving a higher total

shareholder return (TSR) than a defined group of comparable companies during the

accrual period.

Accrual of RSUs under the scheme presumes that the individual is an employee of

SalMar or a participating subsidiary. The total gain from released RSUs during

one calendar year shall not exceed 100 per cent of the participant's basic

salary. Under the scheme's rules, the number of RSUs will be adjusted in the

event of a dividend payout in order to preserve, but not increase, the value of

the RSU allocation.

The RSUP goes into effect on 21 December 2022 and encompasses senior executives

and key personnel at SalMar and its subsidiaries.

Restricted share units granted primary insiders 21 December 2022:

Frode Arntsen has received 6 369 RSUs in the Company

Roger Bekken has received 4 292 RSUs in the Company

Eva Haugen has received 2 077 RSUs in the Company

Håkon Husby has received  1 557 RSUs in the Company

Tone Ingebrigtsen has received  1 264 RSUs in the Company

Runar Sivertsen has received 2 492 RSUs in the Company

Ulrik Steinvik has received 3 461 RSUs in the Company

Arthur Wisniewski has received 2 492 RSUs in the Company

Simon Søbstad has received 2 907 RSUs in the Company

Ståle Eide (related party of primary insider) has received 1 515 RSUs in the

Company

Gunn Marit Sivertsen (related party of primary insider) has received 823 RSUs in

the Company

New holdings:

After completion of the abovementioned grant Frode Arntsen holds 8 454 RSUs in

the Company. As of today the primary insider holds 5 900 shares in the Company.

After completion of the abovementioned grant Roger Bekken holds 6 427 RSUs in

the Company. As of today the primary insider holds 17 440 shares in the Company.

After completion of the abovementioned grant Eva Haugen holds 3 332 RSUs in the

Company. As of today the primary insider holds 7 380 shares in the Company.

After completion of the abovementioned grant Håkon Husby holds 2 519 RSUs in the

Company. As of today the primary insider holds 989 shares in the Company.

After completion of the abovementioned grant Tone Ingebrigtsen holds 2 048 RSUs

in the Company. As of today the primary insider holds 762 shares in the Company.

After completion of the abovementioned grant Runar Sivertsen holds 3 606 RSUs in

the Company. As of today the primary insider holds 3 813 shares in the Company.

After completion of the abovementioned grant Ulrik Steinvik holds 5 300 RSUs in

the Company. As of today the primary insider holds 140 386 shares* in the

Company.

After completion of the abovementioned grant Arthur Wisniewski holds 3 857 RSUs

in the Company. As of today the primary insider holds 2 184 shares in the

Company.

After completion of the abovementioned grant Simon Søbstad holds 4 074 RSUs in

the Company. As of today the primary insider holds 732 shares in the Company.

After completion of the abovementioned grant Ståle Eide (related party of

primary insider) holds 2 516 RSUs in the Company. As of today the primary

insider holds 0 shares in the Company.

After completion of the abovementioned grant Gunn Marit Sivertsen (related party

of primary insider) holds 1 136 RSUs in the Company. As of today the primary

insider holds 87 shares in the Company.

* Owns 19 317 shares directly and indirectly through personal related parties.

Also owns 100 per cent of the shares in Nordpilan AS. Nordpilan AS owns 0.2 per

cent of the shares in Kverva AS, which in turn through Kverva Industrier AS owns

41.3 per cent of the shares in SalMar ASA.

For more information, please contact:

Håkon Husby, Head of Investor Relations

Phone: + 47 936 30 449

E-mail: hakon.husby@salmar.no

Website: www.salmar.no (http://www.salmar.no)

This information is subject to the disclosure requirements pursuant to Article

19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian

Securities Trading Act