SalMar - Results for the first quarter 2013

Steady progress in a strong salmon market

SalMar generated almost NOK 1.3 billion in gross operating revenues in the first
quarter 2013, up 58 per cent on the same quarter in 2012. The increase is mainly
a result of a substantial rise in the price of salmon, but also a 34 per cent
hike in the volume harvested, which totalled 23,200 tonnes this quarter.

The company posted an Operational EBIT before fair value adjustments of NOK 235
million during the period, compared with NOK 41 million in the same quarter last
year. All of SalMar's fish farming segments posted satisfactory results. Overall
the Group made an Operational EBIT of NOK 10.14 per kg gutted weight.

"We are pleased with the performance of all our fish farming segments, and are
particularly delighted to see that the Rauma segment is back delivering strong
margins. SalMar Northern Norway also did well during the quarter, considering
that 70 per cent of the fish is from Finnmark, where costs are higher, and that
all the fish was harvested in January and February, when the price of salmon was
lower than in March," says SalMar CEO Yngve Myhre.

The Sales and Processing segment achieved stable results from its processing
operations, though the contribution from this segment was reduced by an almost
30 per cent fixed-price contract rate.

Following the close of the first quarter 2013 SalMar completed the acquisition
of Atlantic Cod Farms AS and increased its shareholding in Villa Organic AS to
49.72 per cent. At the same time SalMar reduced its shareholding in P/f
Bakkafrost from 29.9 per cent to 14.9 per cent, and agreed to 'lock up' its
remaining shares until 1 January 2014. The company is also in the process of
selling its shares in Nordskag Næringspark AS, the implementation of the
agreement is contingent on the acquisitionists financing.

The outlook for the rest of 2013 is good. At the end of May Fish Pool forward
prices point to an average salmon price for 2013 of NOK 35 per kg. Sea
temperatures have been significantly lower in the first quarter this year than
last, which has to some degree affected the growth of marine-phase fish stocks.
Despite this, however, SalMar is maintaining its harvesting forecast of 116,000
tonnes for 2013, an increase of 13 per cent compared with the 102,600 tonnes
harvested in 2012.

For more information, please contact:

Yngve Myhre, CEO,
Tel: + 47 916 30 174

Trond Tuvstein, Investor Relations Manager,
Tel: + 47 918 53 139
Email: ir@salmar.no
Web: www.salmar.no

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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