Marine Harvest ASA : REPURCHASE OF SHARES IN CONNECTION WITH MARINE HARVEST'S SENIOR EXECUTIVE SHARE PRICE BASED BONUS SCHEME

Marine Harvest ASA : REPURCHASE OF SHARES IN CONNECTION WITH MARINE HARVEST'S
 SENIOR EXECUTIVE SHARE PRICE BASED BONUS SCHEME AND ADOPTION OF A NEW SHARE
     OPTION SCHEME FOR SENIOR EXECUTIVES - ALLOCATION OF OPTIONS 2012/13

Repurchase of  shares  and settlement  of  2010 allotments  under  the  senior 
executive share price based  bonus scheme which was  terminated by the end  of 
2011:

On 21 August 2013, Marine  Harvest ASA ("Marine Harvest") purchased  3,669,797 
own shares (the "Shares") in the market at an average price of NOK 5.8967  per 
share. The  Shares were  purchased for  resale to  51 senior  executives  (the 
"Participants") who took part in the  2010 allotment under the Marine  Harvest 
Share Price Based Bonus Scheme ("Scheme").

The Participants are  being paid a  cash bonus corresponding  to the  positive 
difference between the base value of the units allotted in 2010 and the volume
weighted average share price  of the Marine Harvest  shares on 19 April  2013, 
being NOK  5.9743  (the "VWAP")  multiplied  with  the number  of  units  (the 
"Bonus"). Full adjustment for dividend payments from Marine Harvest, from  the 
date of  allotment  to  the date  of  maturity,  is taken  into  account  when 
calculating the Bonus for each Participant (in accordance with the Oslo  Stock 
Exchange Derivative Rules (A.2.2.8 (1)b)).  Furthermore, the bonus is  limited 
to two year's salary.

The Participants are required to use the Bonus after deduction for income tax,
to acquire shares in Marine Harvest at a price per share corresponding to  the 
VWAP. To effect such settlement Marine Harvest acquired the Shares and  resold 
them to the Participants  on 21 August  2013 at a  price corresponding to  the 
VWAP. Marine Harvest has been prevented from settling the bonus earlier due to
the price sensitive  character of  the Cermaq-process and  the second  quarter 
2013 interim report. The Scheme is further described in Note 13 of the  annual 
report of  Marine Harvest  available at  www.marineharvest.com. Following  the 
resale of the Shares Marine  Harvest holds 409 698  own shares. The number  of 
shares purchased by each primary insider is set out below.

The new share  option scheme  for senior  executives -  Allocation of  options 
2012/2013:

In the  principles  applicable  to  the  determination  of  salary  and  other 
remuneration to the senior executives in the Marine Harvest Group presented by
the board to this year's general meeting it was disclosed that the share price
based bonus  system which  was  included in  this group's  total  remuneration 
package had been terminated at the end of 2011.

The board decided, when  the program was terminated,  to substitute it with  a 
comparable scheme based on annual allocation of ordinary options. Further,  it 
was decided to allocate options under the new scheme retroactively as soon  as 
all consequences had been analysed and found acceptable.

The board has, today, approved of a  new scheme and the documentation for  the 
terms thereof.

The scheme is based on annual allocations of a number of European call options
with a strike price of 107.5 per  cent of the share price of Marine  Harvest's 
shares at the date of allocation. 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 or if Marine Harvest is the non-surviving entity in a
merger with another company.

If the holder of the options exercises the options, the company may settle its
obligation through  the issue  of  new shares  or, alternatively,  by  selling 
treasury shares to the option holder.  There will be no lock-up obligation  on 
the shares the option holder receives through the exercise of the option.

The exercise  of  the option  is  conditional  upon the  option  holder  being 
employed in a non-terminated position in the Marine Harvest Group at the  date 
of exercise.

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.  Total profit through the exercise  of 
the option in a year  is kept 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 scheme  assumes that the board,  in March each  year, 
will decide  on an  allocation  of options  to  the individuals  qualified  to 
participate in the scheme.

The board  has  furthermore  decided  to  allocate  15.5  mill.  options  with 
retroactive effect to 20 March, 2012. The  strike price for these is NOK  3.49 
per share. The date of exercise is 21 March, 2016.

Further, the board has decided to allocate 15.2 mill. options with retroactive
effect to 21March 2013. The strike price for these is NOK 5.64 per share. The
exercise date is 21March 2017.

                          ^________ o 0 o ^________

The following  primary  insiders in  the  company have  purchased  shares  and 
received options  according  to  the  above  and  have,  following  this,  the 
following shares and options in the company:

Name                        Shares     Total number of   Options     Options
                        acquired on 21  Shares owned   granted for granted for
                         August 2013                      2012        2013
Alf-Helge Aarskog (CEO)        783,355       1,039,264   5,000,000   5,000,000
Ivan Vindheim (CFO)                              3,018   1,000,000   1,000,000
Marit Solberg (COO             143,130         388,837   1,000,000   1,000,000
Farming)
Ola Brattvoll (COO                               3,018   1,000,000   1,000,000
Sales and Marketing)
Ben Hadfield (COO               49,473          49,473                 400,000
Fishfeed)
Øyvind Oaland (Global           77,788         158,238                 400,000
Director R&D and
Technical)
Anne Lorgen Riise                                                      400,000
(Group Director HR)
Henrik Heiberg (VP              38,894         225,253     500,000     400,000
Finance & Treasury)

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

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Source: Marine Harvest ASA via Thomson Reuters ONE
HUG#1724334