Marine Harvest ASA - Offer to shareholders holding less than 1,000 shares

The Board of Directors in Marine Harvest ASA has resolved to offer those of its shareholders who, as of 8 February 2011, own less than 1,000 shares to purchase these for a price per share equal to the volume weighted average price for the company's shares on 9 February 2011, reports www.megafishnet.com with reference to Marine Harvest.

The offer will be settled in cash. The offer document will be distributed on 14 February 2011. The offer will be open for acceptance from 14 February 2011to 28 February 2011 at 17:30 CET. Settlement will be made on or about 8 March 2011 to those shareholders who accept the offer. The company will cover all costs associated with the completion of the offer.

The reason for the offer is that a reduction in the number of shareholders with small holdings will reduce the company's costs associated with administrative costs relating to the shareholder base in the future. Further, the offer will provide shareholders with a small number of shares with an opportunity to realize the value of their shareholdings without incurring transaction costs.

The shares purchased through the offer will, inter alia, be used to meet the company's obligations under incentive schemes with its senior employees.

The company intends to apply to the Ministry of Trade and Industry for permission to carry out a compulsory acquisition of all shares owned by shareholders whose total holding of the company's shares has a value of less than NOK 500 following completion of the offer. The compulsory acquisition will be completed on the basis of the same purchase price per share as in the offer.

The company will use the authorization to buy back its own shares issued by its 2010 Annual General Meeting as a basis for the offer.

The maximum number of shares covered by the offer is approximately 1 400 000 shares.

The company has engaged DnB NOR Markets as financial advisor in connection with the offer.