Marine Harvest ASA: MHG - REFINANCING OF BANK FACILITIES

           Marine Harvest ASA: MHG - REFINANCING OF BANK FACILITIES

Marine Harvest ASA is pleased to announce an agreement to refinance its
existing bank facilities with a senior secured five year EUR 425m
multicurrency revolving credit facility ("Facility"), with its existing
lenders; DNB, Nordea, Rabobank and ABN AMRO.

The Facility includes an accordion increase option, which provides flexibility
for the parties to agree an increased size of the facility by further up to
EUR 425 million during the term of Facility.

The principal financial covenant of the Facility is an equity ratio of no less
than 35% during the term. The remaining portfolio of interest bearing debt
does not include more restrictive financial covenants.

The portfolio of interest bearing debt does not include any scheduled
amortisations.

Marine Harvest is pleased by the reduced interest commitments and increased
financial flexibility generated by the combination of the Facility and the
recently issued EUR 375m convertible bond.

For queries, please contact:

Ivan Vindheim, CFO, +47 958 71 310
Henrik Heiberg, VP Finance & Treasury, +47 917 47 724

This press release may be deemed to include forward-looking statements, such
as statements that relate to future financial expenses. Actual events could
differ materially from those indicated by these statements because the
realization of those events is subject to many risks and uncertainties.
Factors that could affect actual events include: risks associated with
fluctuations in salmon prices, risks associated with the supply and demand of
salmon, including global economy, salmon prices and consumer preferences and
operational risks, in particular those relating to our cost in Norway. All
forward-looking statements included in this news release are based on
information available at the time of the release, and Marine Harvest assumes
no obligation to update any forward- looking statement.

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

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the content, accuracy and originality of the information contained therein.
Source: Marine Harvest ASA via Globenewswire
HUG#1824878
 
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