Marine Harvest (OSE:MHG): Share option scheme for senior executives and allocation of options 2018

At the Company's annual general meeting ("AGM") on 30 May 2018 the Board of
Directors was authorised to grant options under the Share Option Scheme for
Senior Executives. On 22 June 2018 the Board of Directors granted 1.5 million
options with a strike price of NOK 178.1164, 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 26 individuals.

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 Marine Harvest, if a voluntary
offer is followed up with a forced transfer of shares in accordance with the
Norwegian Securities Trading Act or if Marine Harvest 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 and have, following this and adjustments for dividends
paid, the following number of shares and options in the company:

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  Total number of Options granted Total options

Name shares owned in 2018 Outstanding
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Alf-Helge Aarskog 38 876 300 000 2 432 006
(CEO)

Ivan Vindheim 966 100 000 576 563
(CFO)

Per-Roar Gjerde 629 100 000 390 423
(COO Farming Norway and Chile)

Ola Brattvoll 9 537 100 000 576 563
(COO Sales & Marketing)

Ben Hadfield 7 176 100 000 576 563
(COO Fish Feed)

Øyvind Oaland 4 694 25 000 25 000
(Global Director R&D)

Anne Lorgen Riise 664 25 000 25 000
(Global Director HR)

Glenn Flanders 306 25 000 25 000
(Chief Strategy Officer)

Kim Galtung Døsvig
(Investor Relations & Head of 442 25 000 25 000
Treasury)
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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.