Marine Harvest ASA: MHG - NOTICE FROM THE EUROPEAN COMMISSION

        Marine Harvest ASA: MHG - NOTICE FROM THE EUROPEAN COMMISSION

Reference is made to our release on 31 March 2014 in respect of the EU
Commission's review of the Morpol acquisition process.

Marine Harvest has today been advised that the Commission has decided to
impose a fine on it in the amount of EUR 20 mill as a consequence of an
alleged breach of the provisions of the European Merger Control Rules.

Marine Harvest remains of the opinion that it acted in accordance with the
requirements of the exception applying to public takeovers in its acquisition
of Morpol and thus disagrees with the Commission on the applicability of a
fine.

The take-over of Morpol was structured as an acquisition of the initial
shareholding followed by an immediate mandatory offer. Marine Harvest made it
clear to both the market and Morpol that no control would be taken before the
acquisition had been cleared by the EU.

The Company notified the Commission immediately following the acquisition and
loyally adhered to the principle of not exercising its shareholders rights in
Morpol until the Commission had cleared the transaction. The Company has also,
throughout the period of the Commission's review, cooperated fully with the
Commission.

Marine Harvest also notes that the size of the fine appears to deviate
significantly from similar cases where fines have been applied by the
Commission.

Marine Harvest will now carefully consider the options available to it. It
appears, however, more likely than not that the decision to fine the company
will be referred to the EU courts.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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Source: Marine Harvest ASA via Globenewswire
HUG#1834970
 
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