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Marine Harvest Proposes Dividend of NOK 0.10 per Share

19 April 2013, at 1:00am

NORWAY - The board of directors of Marine Harvest have put forward a proposal for a NOK 0.10 per share extraordinary dividend to the 2013 Annual General Meeting.

The reinstatement of a dividend in Marine Harvest is seen as a sign that the Board of Marine Harvest has confidence in the Company's current financial situation and looks positively on the Company's expected future cash flow.

The proposal is backed by the current favourable market for European salmon combined with an expectation of a tight market during the next couple of years.

The successful outcome of the Morpol offer and the attractive financing achieved to finance this acquisition has provided further comfort to the proposal.

In line with earlier defined strategy the Board has a target that a material part of the Company's free cash flow should be distributed to the shareholders in the form of a dividend distribution.

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Like all Mediterranean producers, Nireus has a strong need to market their product as fresh, affordable and high quality fish, with traceability as an important asset. Building a stable future for the company on both technical and business knowledge, Nireus realizes that a healthy economy in aquaculture can only be built on healthy fish.

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