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Marine Harvest ASA : Best second quarter in history

             Marine Harvest ASA : Best second quarter in history

(Oslo, 21 August 2013) The Marine  Harvest Group achieved an operational  EBIT 
of NOK 901 million in the second quarter of 2013, compared to NOK 231  million 
in the corresponding quarter of 2012. Cash flow from operations was NOK 1  123 
million (Q2 2012: 918 million).

- Backed by a strong market,  Marine Harvest delivers the best second  quarter 
in  history.  Naturally,  we  are  very  pleased  with  these  results.  As  a 
consequence we are proposing an extraordinary dividend of NOK 0.05 per  share. 
The future  prospects for  Marine Harvest  are also  good. We  are ramping  up 
production estimates with 55 000 tonnes in  2014, to 390 000 tonnes, says  CEO 
Alf-Helge Aarskog.

Marine Harvest Group reported operational revenues  and other income of NOK  4 
445 million (NOK 4 005 million) in  the second quarter of 2013. Total  harvest 
volumes were 79 438 tonnes in the quarter.

Marine Harvest Norway achieved an operational EBIT per kilo of NOK 12.33  (NOK 
3.37) in the second quarter, while Marine Harvest Scotland and Marine  Harvest 
Canada reported  operational  EBIT  per  kilo was  NOK  13.55  and  NOK  14.55 
respectively (NOK 7.11 and  NOK -4.18). As planned,  Marine Harvest Chile  did 
not harvest  fish  in the  second  quarter  (NOK 0.64).  The  figures  include 
contribution from Sales  and Marketing, including  VAP Europe. Marine  Harvest 
VAP Europe reported an operational  EBIT of NOK 7  million compared to NOK  -5 
million in the second quarter of 2012. Marine Harvest Group expects to harvest
a volume of 335 000 tonnes gutted weight  in 2013, of which 80 000 tonnes  are 
expected to be harvested in the third quarter.

-I would like to highlight the  results of Scotland and Canada, says  Aarskog. 
These countries are  examples of how  a long term  and systematic approach  to 
biological issues improves  not only the  fish welfare; it  also shows on  the 
bottom line.

Cash flow from operations amounted to NOK  1 123 million (NOK 918 million)  in 
the second quarter of 2013. Net  financial items amounted to NOK -375  million 
(NOK -218 million). Net financial items  include interest expenses of NOK  149 
million (NOK 93 million). Net interest-bearing debt for second quarter was NOK
5 857 million, compared to  NOK 5 177 million in  the second quarter of  2012, 
and to 5 381 million at the end of 2012.

The equity ratio was 47.3% at the end  of the quarter (50.1% at end of  2012). 
Annualised ROCE for the quarter was 16.7% and NIBD/Equity 47.2% at the end  of 
the period.

- I am very  encouraged by the  strong market outlook  in Europe, with  future 
prices of NOK 34  for the remaining part  of 2013 and NOK  35 in 2014.  Marine 
Harvest is well positioned to  take advantage of this  as the majority of  our 
volume will be originating in Europe, says Aarskog.

For further information, please contact:
Ivan Vindheim, CFO, Mobile: +47 958 71 310
Henrik Heiberg, VP Finance & Treasury, Tel:  +47 21 56 20 11, Mobile: +47  917 
47 724

About Marine Harvest Group
Marine Harvest Group is the world's leading seafood company and largest
producer of farmed salmon, with presence in 22 countries and a total of 6 400
employees worldwide. The company is headquartered in Bergen, Norway, and is
listed on the Oslo Stock Exchange. Please see www.marineharvest.com for
further information.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Interim Report Q2 2013
Presentation of 2nd Quarter 2013

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Source: Marine Harvest ASA via Thomson Reuters ONE
HUG#1724036
 
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