Share purchase programme for employees in Marine Harvest/Purchase of own shares

The Board of Directors of Marine Harvest ASA (the "Company") has resolved to offer all permanent employees in the Company and its Norwegian subsidiaries the opportunity to purchase shares in the Company within the scope of the Norwegian Tax Act §5-14 (The employees' opportunity to purchase shares at below market price), reports www.megafishnet.com with reference to release of  Marine Harvest ASA.

The offer to the employees is based on the price for the Company's shares on 3 December 2012, NOK 4.971 per share.

The relevant rules in the Tax Act provide the employees with a right to purchase shares with a rebate of up to NOK 1,500 in such offer. Based on the above, the permanent employees have been given two alternative offers. Alternative 1: Purchase of 1,509 shares at a value of approximately NOK 7,500 with a tax-free discount of NOK 1,500 at a purchase price around NOK 6,000. Alternative 2: Purchase of 3,018 shares at a value of approximately NOK 15,000 with a tax-free discount of NOK 1,500 and a taxable discount of NOK 1,500, at a purchase price around NOK 12,000

At the end of the acceptance period on 3 December this year, the Company had received acceptances of this offer for a total of 1,027,629 shares. In order to comply with its obligations under the acceptances received, the Company has, on 3 December 2012, purchased 1,027,629 shares in the market at an average price of NOK 4.971. These shares will be sold to the employees having accepted to participate in the share program on the terms referred to above.

Six primary insiders in the Company have chosen to participate in the share purchase program for employees. These participants have on aggregate subscribed to purchase 18,108 shares.

°              Primary insider Alf-Helge Aarskog (CEO) has purchased 3,018 shares. After the purchase, Aarskog holds 255,909 shares in the Company.

°              Primary insider Ivan Vindheim (CFO) has purchased 3,018 shares. After the purchase, Vindheim holds 3,018 shares in the Company.

°              Primary insider Ola Nilsen Brattvoll (COO, Sales and Marketing) has purchased 3,018 shares. After the purchase, Brattvoll holds 3,018 shares in the Company.

°              Primary insider Henrik Heiberg (VP Finance & Treasury/Finance Director) has purchased 3,018 shares. After the purchase, Heiberg holds 186,359 shares in the Company.

°              Primary insider Turid Lande Solheim (Board member elected by employees) has purchased 3,018 shares. After the transaction Solheim holds 5,909 shares in the Company.

°              Primary insider Stein Kåre Mathiesen (Board member elected by employees) has purchased 3,018 shares. After the transaction Mathiesen holds 3,018 shares in the Company.